Luke Sayers - PWC Scandal

[Juddernaut08]

The PWC incident is significantly bigger than the Essendon scandal.

Obviously.

In relation to AFL/ a club, no it isn't. It's tangential to the Blues.

The Bombers were all in on the doping and druggos from top to bottom - the club was and remains rotten and stained for all time.

 

[Grand Uncle Horace]

So the Prez is off on a Euro jaunt?

Is Sayers partner called Pixie?

The ghost of Chris Skase says ‘go you good thing’.

 

[RightYouAreThen]

Ok so they lose a big customer, so they lay off low staff/middle management in short term to save $$, do some “governance reviews”, and re-enter big contracts in 3-4 years, especially as all their former partners have a self-interest in PWC succeeding.

No?

No. Arthur Andersen was the biggest. Didnt exist after Enron.

 

[Grand Uncle Horace]

State Governments will review whether they use PWC

Companies will have legit concerns about using them as well.

 

[demondavey]

The characters in the Essendon scandal were way more fun though. It was the best of BF times.

The best of BF times was the Jess Solero account up and running; the Kate Jesulenko / Trent Croad thing.

Amazing.

 

[WillHayward]

State Governments will review whether they use PWC

Companies will have legit concerns about using them as well.

You also to have question the Press Release that they have "stood down" 9 partners.

Stinks of a media release designed by a "crisis management" PR firm

They probably hired Sweaty Betty.

Don't trust them at all.

 

[craffles]

The best of BF times was the Jess Solero account up and running; the Kate Jesulenko / Trent Croad thing.

Amazing.

Rumour has it if you say Jesaulenko three times in one post Kate will appear.

Jesaulenko Jesaulenko Jesaulenko

 

[Satan]

The characters in the Essendon scandal were way more fun though. It was the best of BF times.

dumpling reviews

 

[Satan]

The PWC incident is significantly bigger than the Essendon scandal.

not for Big Footy , became Chiefs super bonus

 

[WillHayward]

Hate when they use weasel words like "stood down" to pretend the culprits have been punished.

We all know it means absolutely nothing and they are on full paid leave and will be back in a week's time.

 

[sparkybagger]

It'll be interesting to see if/when this appears on the National Anti-Corruption Commission docket. The NACC doesn't start until July 1st but will be looking for a big scalp first up. Every Senate estimates hearing last week raised questions re: PwC engagement to every agency that fronted up. Contracts are under scrutiny as is every engagement.

 

[WillHayward]

Breaking from Senate Estimates: _Treasury’s internal auditors are … PwC. Of course they are. $985k contract. So a firm embroiled in a governance scandal involving confidential Treasury information is providing advice to Treasury on governance. We are through the looking glass.

 

[Corn Cobbers]

Yep more like The Dismissal

Carlton were involved in The Dismissal too

 

[sparkybagger]

Breaking from Senate Estimates: _Treasury’s internal auditors are … PwC. Of course they are. $985k contract. So a firm embroiled in a governance scandal involving confidential Treasury information is providing advice to Treasury on governance. We are through the looking glass.

Big time. This is where we are. Big 4 and other large consultancies and accountancy firms are effectively running a shadow public service. We're now finding that those parties have been commercialising those opportunities in other ways. Consider me unsurprised.

 

[WillHayward]

Big time. This is where we are. Big 4 and other large consultancies and accountancy firms are effectively running a shadow public service. We're now finding that those parties have been commercialising those opportunities in other ways. Consider me unsurprised.

Participating in horrendous governance on one hand.

Then holding themselves out as governance experts and billing for it with the other.

It's simply a culture of smart assery and Sayers is a smart ass in chief.

 

[Grand Uncle Horace]

Participating in horrendous governance on one hand.

Then holding themselves out as governance experts and billing for it with the other.

It's simply a culture of smart assery and Sayers is a smart ass in chief.

and as of today is in flight from the country.

Christopher Skaysers.

 

[Taylor]

I've been wondering where the leaks have been coming from for other independent businesses who experience suspicious share activity in the days prior to a financials release publicly.

I'd be looking very, very closely at the social media of their agents. I expect there will be quite a bit of "culture" to uncover here.

 

[Engimal v3]

The best of BF times was the Jess Solero account up and running; the Kate Jesulenko / Trent Croad thing.

Amazing.

Can't believe mods shut the threads down. It was peak BigFooty

 

[Belnakor]

Hate when they use weasel words like "stood down" to pretend the culprits have been punished.

We all know it means absolutely nothing and they are on full paid leave and will be back in a week's time.

they "stood down" a bunch of equity partners who aren't even employees. They still get paid the same! Good work if you can get it.

 

[Belnakor]

No. Arthur Andersen was the biggest. Didnt exist after Enron.

and what took down Arthur Andersen? Almost literally what is happening here. Partners taking information from one area of the business to sell services in another.

 

[WillHayward]

they "stood down" a bunch of equity partners who aren't even employees. They still get paid the same! Good work if you can get it.

Exactly. They can't be removed as shareholders.

 

[WillHayward]

and what took down Arthur Andersen? Almost literally what is happening here. Partners taking information from one area of the business to sell services in another.

Not just any information.

Confidential info they knew they weren't allowed to use.

 

[RightYouAreThen]

Literally avoiding around $9bn ( yes billion) in taxes.

MNCs by offshoring, transfer pricing, management fees - many methods

PWC helps GOVT design rules - then sells the secrets (as a consulting product) to avoid the taxes they help design….

This is robbing you, me and our families!!

And Sayers oversees and ratifies this, for personal gain….

Literally the biggest criminal, traitor comitting treason in our history.

Think about it.

The massive social cost of multinational tax-dodging : Election Watch - Australia 2016

Multinational tax avoidance costs Australian taxpayers and people living in the poorest countries billions of dollars

electionwatch.unimelb.edu.au

 

[Taylor]

Literally avoiding around $9bn ( yes billion) in taxes.

MNCs by offshoring, transfer pricing, management fees - many methods

PWC helps GOVT design rules - then sells the secrets (as a consulting product) to avoid the taxes they help design….

This is robbing you, me and our families!!

And Sayers oversees and ratifies this, for personal gain….

Literally the biggest criminal, traitor comitting treason in our history.

Think about it.

The massive social cost of multinational tax-dodging : Election Watch - Australia 2016

Multinational tax avoidance costs Australian taxpayers and people living in the poorest countries billions of dollars

electionwatch.unimelb.edu.au

You've just laid out how the controlling parties of all western nations, as in both the choices for government every election, are controlled by world level corporate interests.

 

[WillHayward]

Literally avoiding around $9bn ( yes billion) in taxes.

MNCs by offshoring, transfer pricing, management fees - many methods

PWC helps GOVT design rules - then sells the secrets (as a consulting product) to avoid the taxes they help design….

This is robbing you, me and our families!!

And Sayers oversees and ratifies this, for personal gain….

Literally the biggest criminal, traitor comitting treason in our history.

Think about it.

The massive social cost of multinational tax-dodging : Election Watch - Australia 2016

Multinational tax avoidance costs Australian taxpayers and people living in the poorest countries billions of dollars

electionwatch.unimelb.edu.au

It's theft on a grand scale but because people who don't wear suits it's all ok.

Some poor sod takes a few hundred from cennos or underpays child support and the state crack down on them

Then we have a bloke line albo parading around pretending he stands for "Labor values".

Everyone accepts corporate theft as "good on em for being smart".

It's a ridiculous culture.