Saturday, October 13, 2012

The AWU Scandal - didn't Miss Gillard wonder? - Michael Smith News

The AWU Scandal - didn't Miss Gillard wonder? - Michael Smith News

I am posting two links:

1. Slater & Gordon (ASX Code SGH) Annual Report 2011-2012. A list of major and substantial shareholders is found on p. 104. Not quite like "Gone with the Wind" but a riveting read, nevertheless. The section on "Ethics" is a ripper!

http://www.asx.com.au/asxpdf/20121003/pdf/4294h64q0bszww.pdf

2. SGH Company Information which includes announcements. So far nothing about the crisis/ scandal they are embroiled in.

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=sgh

I get the feeling from the hype that the interests of their institutional shareholders must transcend those of their Workcover clients, for example, in the hard world of maximising profits (read dividends). God knows why the Law societies of Australia allowed any firm to publicly list, because the whole thing smacks of encouraging the selling-out of clients. This is especially so in class actions and mass conveyor belt transport accident, personal injuries and Workcover cases fed to them mainly by unions.
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