AFR lops another limb off Naked CEO

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The Naked CEO’s tentacles may spread far but so far as the AFR:

Remember our Tuesday revelation that Professions Australia, which “welcomed” CPA’s “fiercely independent” review led by quondam Malley admirers, also has Malley’s direct report Adam Awty on its board? Well, it gets better. Guess who was Professions Australia chairman until May 2015? Alex Malley! Guess who pays 75 per cent of the salary ($127,350) of Professions Australia CEO Liz Lang? CPA! Guess who, in all likelihood, doesn’t know this? CPA members! It is simply astounding that Professions Australia didn’t think to disclose their financial relationship with the besieged CPA bosses they were endorsing. “There’s no conflict of interest”, current president Brenda Aynsley told us on Tuesday. “We’re saying, CPA, they’ve taken some action, which we endorse. We’ll watch and wait for the results.”

And the steady drip of leaks continues:

A CPA Australia executive who defended his subordinate against what he alleged was bullying by chief executive Alex Malley lost his job after making a formal complaint about The Naked CEO’s behaviour.

In an interview with an investigator, the executive accused Mr Malley of being a volatile and aggressive leader who ignored the correct process for a human resources complaint from a mid-level manager who helped him organise an important CPA conference.

Mr Malley said the manager makes him wants to “vomit”, feels “sick at the sight of her” and “she was not going to bring him down,” the executive told the investigator, according to a record of their interview on November 24, 2011.

Mr Malley also said, according to the executive, that his executive team didn’t support him and “no one’s got my back”.

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Less and less, that’s for sure.

I can only repeat that the end is inevitable. Malley has poked the media bear. It will not rest now until it he is eaten.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.