Synbad wrote:
Nobody tells the Pratt's at visy or the Mathewson's that they are wrong. Nobody questions them.
Nobody tells the Frieds that they are responsible to them.
Same with mark.
These guys do things without accountability to share holders etc
You're not going to deny that are you?
I think you're about to piss in my pocket aren't you?
In fact even publicly listed companies aren't really accountable to their shareholders.
The shares are heavily concentrated in a few hands.
If you look at the top 20 shareholders at Qantas for example, they are all other corporates, banks, super funds etc.
In fact the top 3 shareholders at Qantas control over 50% of the stock, so what they say goes.
Even Alan Joyce who is Qantas CEO, is listed in the top 20 shareholders. Now there is a conflict of interest. If Alan Joyce sacks staff and increases profits, he directly benefits from that decision. He also gets bonuses.
The corporates and the private elites don't really answer to anyone. The game is rigged in their favour and they control the puppets in the government.
When some one like Rupert Murdoch can influence the outcome of an election then you know what sort of tyrannical fascist Corpocracy we live in.
A footy club is so easy to control, because the members are usually very passionate and the oligarchs know exactly how to exploit this passion (or weakness as they see it)
Now you know why Sticks was at the helm for so long, even though he probably didn't even want the job, and was certainly not suited for it anyway.
He was used for a very specific reason.