Levies have played a significant role in the Australian economy in recent years, and the Financial Review’s reflexive support for Bernie Brookes does its readers no favours.
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What David Coe taught us: CEO and chairmen can’t be one
When examining companies that collapse, especially very large ones, there is a common feature in the way they are managed: the person running and chairing the company is one of the same.
READ MOREWho needs credit ratings? They should be optional
Banks and investors should thrive or die by the quality of their own assessments of credit risk. They have the most incentive to get it right, writes Adam Creighton, a research fellow at The Centre For Independent Studies.
READ MOREMillionaire Factory turns corporate dud club
It takes a lot of talent to better the likes of Rodney Adler, Ray Williams and the other incompetents who gave Australia its biggest ever corporate loss, but this is exactly what Macquarie Bank has done.
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