WBC 0.55% $27.20 westpac banking corporation

I agree and disagree. I think the main issue is because of the...

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    I agree and disagree.

    I think the main issue is because of the imputation system and management greed, there is a tendency to pay out the majority of net earnings as dividends so that execs and short-sighted shareholders (like dividend investors on HC) can get their hands on franked divvies.

    Labor costs can and should be high where a sector is becoming successful - the wages in U.S/Canadian tech & healthcare are very high. Life shouldn't just be about corporations generating 20% TSRs while the rest of us work on $50k wages.
 
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