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Issue No. 288 | 04 November 2005 |
Terror Laws
Interview: Public Defender Legal: Craig's Story Unions: Wrong Way, Go Back Industrial: WhatChoice? Politics: Queue Jumping History: Iron Heel Economics: Waging War International: Under Pressure Poetry: Billy Negotiates An AWA Review: A Pertinent Proposition
The Soapbox The Locker Room Culture Parliament
Australia, 2005 Truth in Advertising Investment Advice What a Woman! It's Not Pretty Screwed
Labor Council of NSW |
Letters to the Editor Investment Advice
Dear Editor When you consider executive pay along with the potential for corporate greed, I can't help but think that many investors should be very hesitant about departing with their hard earned money by investing in stocks. Our superannuation may not even be a safe bet anymore. How do you really know if you are being fleeced or not? Are we just starting to see the emergence of a problem that has devastated and decimated some of the largest companies in the U.S, and around the world? This week, Sydney businessman Brad Cooper is facing a lengthy jail term after being convicted of 13 fraud and bribery charges relating to the collapse of insurer HIH. Adler and Williams have already recieved their penalties. Let's not forget NAB's rogue trading scandal either? Now there's also a big question mark over AWB and their involvement with allegedly paying millions of dollars in transport costs that were illegally funnelled to Saddam Hussein's regime in Iraq." The PM can't imagine such a scnadal, however, recent reports indicate that had a secret coding system that seen faxes directed to home faxes as opposed to office faxes in an attempt to cover up the love affair with Saddam's regime. God knows where Telstra is really headed, do you know? Then there's the insider trading scandals which include high powered people such as 'Rene Rivkin, and Steve Vizard. Thinking back, there's a few more fraudsters such as 'Skase and Bond' How can we really trust corporate Australia? All we need now is a downturn in the economy and nobody will be safe, especially workers and mum and dad investors. Are we really immune? Kind regards John McPhilbin
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