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Old 28th Mar 2020, 04:39
  #35 (permalink)  
Paragraph377
 
Join Date: Oct 2013
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I have no issue with financial assistance to any organisation during a crisis such as this as long as it is transparent, there are accountabilities and there are valid reasons. The 2008 GFC was a joke as every second company put up its hand for a taxpayer bailout, often they didn’t need it or the issues were cUsed prior to the GFC. If the reasons are genuine then the companies should provide a statement of corporate intent that provides details on how they will spend the taxpayer money (in detail) and also provide detail of how there will be no executive bonuses or additional payments to executives or shareholders and executives will also take a 50% reduction in remuneration for a minimum 12 to 24 months. Otherwise all we, the Australian taxpayer are doing is ensuring that executive grubs keep receiving their outrageous payments. They can take a hit to the pocket like the rest of us.


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