Public listed companies = maximise profit for shareholders = cut costs = cut/reduce staff = overwork staff to make up the difference = issues, mistakes and lack of quality control/checks.
Don't forget once growth/revenue slows down (banks are experiencing this, as they are mature businesses), the only way to keep shareholders happy is.. cut costs to improve profitability.
Its a catch 22, you wouldn't be happy with rising costs, but then you arent happy with issues being found.
NAB Price at posting:
$24.22 Sentiment: Hold Disclosure: Not Held
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