Yea, but it's also possible he hasn't committed any crimes, even if ASIC alleges so. Maybe that's what shareholders who voted for the demerger thought?
Also to your point actually, considering Westpac was caught charging dead people and now has to pay significant penalties from shareholder funds, should shareholders with significant amounts invested in Westpac now start selling off? Haven't they been defrauded?
And to Joe, he didn't vote yet you're so upset. What should he have done? Resign? Or recommend shareholders not vote for the demerger?
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