Wednesday, August 20, 2014

CBA: Wealth For Some

The usual suspects are constantly trumpeting the benefits of privatisation ("Scandal? What scandal? Big bonuses for CBA bosses", SMH August 19).

The case of the pay rise to the high-ranking executive who presided over the Commonwealth Bank's financial advice scandal provides an example of who wins and who loses when a business goes private.

Could this have happened when CBA was the people's bank? 
Where did the bank get all that money to reward their man so generously? 
Could it have been at the expense of their loyal customers? 

True to form your story ended with an all too familiar line from the bank - no comment. So many questions, so few answers.

Nick Franklin Katoomba

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