Insolvent CBA oligarchs crush debate

Wednesday, 14 October 2020

Via Banking Day today:

Retail shareholders have accused Commonwealth Bank of attempting to sanitise Tuesday’s virtual AGM amid allegations that online questions submitted to the board by stakeholders were not aired at the meeting.

The bank’s virtual AGM ran for only two hours, making it the shortest annual meeting in more than a decade. CBA’s previous AGM in Sydney last year ran for six hours.

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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.