AustralianSuper's Ultimate Vote Of Betrayal Of Union Members, Aussie Public At 2019 Westpac AGM!
13th Dec 2019: Black Friday. Unions Super Fund Ultimate Betrayal Of Members, Aussie Public.
2019 Westpac AGM Board Spill Resolution # 5 Received Knockdown Support From Union Super Funds. Board-Directors Remain As Is.
AustralianSuper, Key Union Based Fund, Holds $1.8bn Westpac Shares. Key Player In Voting 91% To Avoid Spill. Thus Keep Directors.
So Where's The Ultimate Betrayal? * $14.58 loss in share price since Apr 2015 * Share Price Crashed $38.66 to $24.08 = 38%. * Equates To $50,000,000,000 Loss In MC Of WBC. * Record Customer Remediation Costs Of $1.9bn. So Far. * Westpac Is Now No # 1 Banker-Financing For Terrorists, Drug Dealers, Paedophiles. * Facing Potential AUSTRAC Fines of $483 Trillion
Just For Starters.
Members Votes Were Used To Fully Support Above Actions Of Westpac Board-Directors.
What's Worse? Members Have Approved Same Again!
Complicit? Collusion? Negligent? Don't Care?
There Is Zero Justification For YOUR SUPER FUND Vote.
Every Union-Public Member Of AustralianSuper Has Been Betrayed.
There are other Union-Based Super Funds, of course, that contributed to 91% Vote!
DYOR...
WBC Price at posting:
$24.08 Sentiment: None Disclosure: Not Held
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