The Business Roundtable, a group of CEOs of major corporations, was lauded by mainstream media in 2019 for pledging to prioritize the common good over shareholders. Well, now they’re demanding to protect tax cuts that disproportionately enrich CEOs.
Tag: CEO’s
Many Republicans believe economic relief for those without jobs encourages slacking off. But it is corporations that are bailed out again and again
via CEOs, not the unemployed, are America’s real ‘moral hazard’ | Robert Reich | Opinion | The Guardian
A former senior manager at Australia’s banking watchdog APRA is accused in a lawsuit of running an array of scams, including engineering sham payouts for his wife and ripping off the credit union that headhunted him as chief executive.
Lyndon Kingston allegedly lined his pockets by rorting expenses and taking kickbacks from uncommercial contracts before he was sacked from a job he claims entitled him to up to $1 million a year.
Key pointsThe credit union Lyndon Kingston ran alleges he took kickbacks from $2.5 million in dodgy contracts
Court documents claim the former APRA manager gave his wife a $340,000 “sham redundancy” and rorted expenses
It alleges Mr Kingston offered the credit union’s chairman a $1.25 million consultancy to get his job back
ASIC is investigating the claims, which Mr Kingston denies
olddogthoughts 