Taxes Taking Their Toll
I just enjoyed a lovely function as a guest of the Australian Hotels Association. As a past publican, there'
It's easy to make promises but much more challenging to keep them.
That axiom is now haunting the bunch of woke climate surrender CEOs who promised to take their companies to 'net zero'.
It's always been an impossible dream, proclaimed more for social acceptance than reality. Everyone pledging such subservience to Greta and her acolytes knows they won't be held responsible when reality hits.
Most will have taken their incentivised pay structure and moved on to more fertile fields or slunk into retirement to enjoy their riches.
And those riches are delivered through short-term performance bonuses that can only be delivered via institutional shareholder support. Two of the most critical shareholders to placate are the fund managers of Blackrock and Vanguard.
Both of these outfits are run by woke social justice warriors who bully and threaten companies with a lack of investment support unless they sign on to the deathly progressive agenda.
But there always comes a time when the music stops and the party falls apart.
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