Description
ANZ has been hit with the biggest corporate penalty in Australian history – $240 million. Sounds huge, right? Until you realise the bank made $3.5 billion in profit in just six months. That means this “record fine” is worth less than two weeks of earnings.
From ANZ to Qantas, Coles, Woolworths, Santos, and even Kmart – corporations treat fines as just another line in the budget. Workers underpaid, customers misled, the environment polluted, and privacy invaded. The punishment is always dwarfed by the profit.
If the fine for the crime is less than the profit from the crime, why would they stop?
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https://linktr.ee/michaelwestmedia.com.au
From ANZ to Qantas, Coles, Woolworths, Santos, and even Kmart – corporations treat fines as just another line in the budget. Workers underpaid, customers misled, the environment polluted, and privacy invaded. The punishment is always dwarfed by the profit.
If the fine for the crime is less than the profit from the crime, why would they stop?
Support Us here:
https://linktr.ee/michaelwestmedia.com.au
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