Tag: Banks

TRUST FADES AWAY

On By Everald ComptonIn Business and Enterprise, Community and Values, Government, religion, Seniors8 Comments

The Royal Commission on Banking has stirred Australians to the very core of our being.

It has convinced us that TRUST no longer exists in our nation. Our sense of security is severely diminished, particularly among Senior Australians.

This is understandable as, once upon a time, our local bank manager was a highly respected citizen. He was trusted to give solid advice and not give us loans we had no hope of paying back or credit cards we do not really need.

He was also heavily involved in community life in a high profile way.

Then, he disappeared from public view.

Now, it is almost impossible to find a local bank manager even if we go to a bank. We enter an atmosphere where the message is that they don’t want us there. We must phone a ‘friendly’ relationship manager whom we track down after have pressed about a dozen buttons. We get a different person every time we call and she is only interested in our number, not our name.

It’s very sad that this grand old asset of Australian life has passed away, a killer culture having replaced it. Continue reading “TRUST FADES AWAY” →

THE MONEY MYTH

On By Everald ComptonIn Community and Values, Elections, Government, Infrastructure Rail, Air, Sea, Infrastructure Water4 Comments

Controversy has raged around the five million dollars in salary and bonuses paid to the Chief Executive of Australia Post and the ridiculous manner in which those who were responsible tried to hide their stupidity.

Clearly, there is something wrong when the CEO of a Government Corporation is paid nine times that which is paid to his boss, the Prime Minister. Eye brows also rise when that CEO buys a home for around twenty million dollars and then spends five million renovating it. The underpaid postmen out on the beat in hot weather were somewhat less than impressed.

But, it did give the leaders like Wayne Swan an excellent platform to relaunch their much needed drive to have inequality taken seriously by politicians, voters and economists.

The Board of Directors of Australia Post is clearly to blame, absolutely out of their depth. Their Chairman is a politician with no business experience who was given a ‘job for the boys’ when his political career abruptly ended. Quite obviously, that type of political appointment must cease as it is of absolutely no value to Australia. Continue reading “THE MONEY MYTH” →