what a load of ....
J Packer sold out at $70 as he is focussing on his casino interests and also conflict of interest as he was a director of Qan when the APA consortium was making a bid.
the chairman has retired but still remains on the board in a reduced capacity, his remuneration has thereby reduced to less than 1m.
MBL is not involved directly in subprime mortgages unlike the US invt banks which underwrite these debts. Better odds than powerball that a us invt bank will become the next enron.
Americans are envious of the little aussie bank which has a world class CEO - allan moss is in the top30 world class ceo for the 2nd yr in a row based on the Barron's ranking.
MBL
macquarie bank limited
what a load of ....J Packer sold out at $70 as he is focussing...
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