No, I said it’s the executives who did the wrong doing. I say punish them. A fine of $700m is meaningless to them, it punishes innocent shareholders. The executives should be fined, that’ll result in better judgement and caution in the future.
Ideologies are saying the bank should be shut down because of do gooder views. This is Australia’s second largest company. It’s shareholders are public, they did nothing wrong. Which is why over fining the company doesn’t do anyone any good. Executives need to be held accountable.
CBA Price at posting:
$69.86 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)