From the AFR - slow news day and no accusations here at all. Some people seem to land on their feet. Hoping we dont have all our eggs in the ASIC basket
While we weren't told the precise details of his contract, we wouldn't be surprised to hear it isn't exactly a cut-Price appointment (geddit?). It'd be a rare ex-employee who doesn't make more once they turn consultant, particularly at a government department.Particularly as "[Price's] skills and experience are greatly valued by the commission at this challenging time", as an ASIC spokesperson told us.
Speaking of challenging times, can you believe the week ASIC's had? First, veteran media buyer and ex-Tennis Australia director Harold Mitchell gloated about most of ASIC's allegations against him being dismissed. And then, even Mayfair 101's James Mawhinney got stuck in!
Using the Letters page of this newspaper."For more than two years, my group has been harassed by ASIC and subject to aggressive legal-action tactics that mirror Mr Mitchell’s experience," Mawhinney wrote, before urging no less than the Prime Minister to step in "to avoid the financial distress ASIC has caused many innocent investors". Some of whom have rather different ideas about the cause of said distress.
Point being: the two cases couldn't be more different. And we're pretty sure Mitchell never tried to convince roomfuls of retirees to invest in his financial products by assuring them “it’s not Christopher Skase you’re talking with”. A difference worth stressing because both Mawhinney and Skase are fond of investing in tropical islands.
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