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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