Boards & executives are required to run companies for the benefit of shareholders but the truth is that they don't.

They're often run for the benefit of senior executives & board members.

#Auspol #corporate #Ausbiz

You can spend once, now.

Or you can invest now and spend over and over, later.

But not both.

Choose wisely.

#ausbiz #investing

Minister Tanya Plibersek, the ‘Drug Dealer’s Defence’ and 1.7 Million atomic ‘Little Boy’ bombs.

The fragile argument that the Albanese government relies on to approve new coal mines and expansions.

#ClimateChange #ClimateCrisis #AusLaw #AusPol #AngrySummer #AusBiz
https://theconversation.com/what-harm-could-one-coal-mine-do-plenty-1-7-million-hiroshima-bombs-of-heat-for-starters-210384

The atmospheric cost of ONE coal mine?

1.7 million Hiroshima bombs of heat
https://theconversation.com/what-harm-could-one-coal-mine-do-plenty-1-7-million-hiroshima-bombs-of-heat-for-starters-210384
#AusPol #QldPol #ClimateChange #AusBiz #ClimateCrisis

On a different front, Australian townplanning have also created an unattractive monster, where smaller cities and towns struggle to retain people, because of the lack of creativeness and community.

And Corporations have also created a work-life struggle on the community also takes time away from building the sense of creativity and community.

Without that sense of community, even if position or career is attractive, people wont stay long, and treat it like a stepping-stone.
#AusPol #AusBiz

Wonder if Childcare Co-Ops would be more attractive to childcare workers than the traditional Company-Employee hierarchy.

Eitherway, it wont be a quick fix. The Childcare sector have created a reputation that the career is stressful and unrewarding, despite the amount of education, ongoing study, and time that workers need to commit.
https://www.abc.net.au/news/2023-08-22/childcare-centre-to-close-mount-isa-staff-shortages-deepens/102702176
#AusBiz #AusEdu

Probability of another angry summer?

"Until we start driving emissions down and until we stop approving oil and gas exploration and developments, we are going to have to live with this.

"So everybody has to be enlisted in this fight." - Major General Peter Dunn, as member of Emergency Leaders for Climate Action

https://www.sbs.com.au/news/article/after-maui-and-canada-can-australia-avoid-another-black-summer-bushfire-event/v0bwdd97l

#AusPol #QldPol #NSWPol #ACTPol #VicPol #TasPol #SAPol #NTPol #WAPol #AusBiz

Most trusted and distrusted brands:

Australia’s major telecom companies among the most distrusted.
🥲
https://au.finance.yahoo.com/news/the-most-distrusted-brand-in-australia-revealed-030045874.html
#AusBiz

Considering the inflating costs of normal construction projects around Australia, it’s not surprising that projects with strict deadlines will experience some form of hyperinflation.

The problem the inquiry should really focus on is ‘Why was the Games bid during 2022, when inflation problems were already evident?’
https://www.abc.net.au/news/2023-08-19/victoria-commonwealth-games-compensation-settlement/102750854
#VicPol #AusPol #AusBiz

On that note, utility rates (electricity and gas) have changed from July.

Best to check your usage and rates to see how they compare (Rates tend to be cheaper to attract new customers.)

Pro-tip, rather than changing retailers, if you call your existing retailer quoting how much cheaper rates are else where... you can potentially negotiate a better rate.

#AusBiz #Negotiation #LoyaltyDoesntPay

The easiest way to reintroduce ‘Third Places’ is public housing.

Berlin is a classic example where public housing districts are also home to ‘third place’ due to mixed zoning.

Such zoning is great for small businesses and creative enterprises.
#QldPol #AusPol #AusBiz

Sentencing for Plutus Payroll fraud case due Tuesday

smh.com.au/national/nsw/adam-cranston-pocketed-6-8-million-from-tax-fraud-court-told-20230815-p5dwls.html
#AusLaw #AusBiz

Behind the Consultancy sector scandal, seems to be another quiet problem:

Public Health.

A business model of 'churn-and-burn', where the public health system/taxpayers are effectively made to deal with the aftermath of burnt out former and current employees.

https://www.smh.com.au/business/the-economy/fear-and-greed-the-consulting-sector-faces-a-reckoning-20230811-p5dvwa.html
#AusPol #AusBiz

'Conflict of Interest'

The PR excuse from EY shows the level of integrity that the consultancy has towards governance and professional ethics.

Determining whether there is a conflict of interest (perceived or actual) is never ever ever EVER the decision of the interest-holder.

Every professional with involvement in Public service and governance knows this.

https://www.theguardian.com/australia-news/2023/aug/09/ey-worked-for-santos-while-assisting-nsw-policy-that-greenlit-gas-giants-narrabri-project
#NSWPol #NSWLaw #AusPol #AusBiz

Discrimination against insulin users:

Hospitality venue claims they welcomed the person after questioning and checks.

Complainant claims the venue ordered him to 'Leave or discard'.
https://www.abc.net.au/news/2023-08-09/rocket-bar-nightclub-responds-to-patron-with-insulin-incident/102709046
#AusBiz #Hospitality #NightCulture #Adelaide #HindleyStreet

Happy Vanguard Index Chart Day to all who celebrate (that should be all of us).

Just check out the awesome power of.long term compounding!

#ausbiz #investing

Dear Essential Energy,

Rerouting electricity assets would have taken a few months.

Replacing the tree they cut down. 130-years.

One-hundred-and-thirty-years.

https://www.abc.net.au/news/2023-08-07/essential-energy-apologises-removal-tree-morundah-hotel/102688344
#AusBiz #NSWPol #Morundah #MorundahHotel

Political and Corporate Australia has always been complacent with biosecurity.

This shouldn't surprise anyone.
https://www.theguardian.com/australia-news/2023/aug/07/australian-effort-to-contain-fire-ants-hampered-by-funding-shortfall-documents-show
#AusBiz #AusPol

A reminder that investing doesn't need to be complicated.

Buffett has been the GOAT for decades.

All you needed to do was buy shares and let him do this thing.

(Discl: I own - Class B! - shares)

#ausbiz #investing

https://www.afr.com/markets/equity-markets/berkshire-rallies-to-record-high-after-earnings-beat-estimates-20230808-p5duno

The consulting sector have really killed their golden geese

https://www.abc.net.au/news/2023-08-07/kpmg-consultants-overcharging-defence-four-corners/102644518
#AusBiz