It was a very cheap loan. Until he got caught and now it is costing him a lot more.George Calombaris’s $7.8 million payout to its staff is just one of many pointers to the rotten state of Australia’s high-end restaurant industry.www.smh.com.au
Employee underpays employees 7 million dollars, ordered to pay them the money fined $200,000, quite conceivably considering he had 7 millions for quite some lengthof time, is actually up on the whole affair,
Employee takes 7 mullion dollars of Employer's money looking at 5-10 years.
Really if he borrowed 7,6 million for that length of time would he had paid more interest than the actual fine he received?It was a very cheap loan. Until he got caught and now it is costing him a lot more.
Reports are that his restaurants are taking a hit.Really if he borrowed 7,6 million for that length of time would he had paid more interest than the actual fine he received?
If not how has he been punished in any way shape or form?
7.6 million is not a mistake. the penalty seems not to fit the crime. If an employee embezzled 7.6 million it would be treated a lot harsher. It seems completely different justice system depending on what your status is.
corporate governance and how banks and other companies break the rules and make lots of money and when court the punishment is hardly deterrent. Hav ethe banks truly paid more in fines than their dodgy practices netted them in profits?
Unless regulation have teeth and enforcement, companies are going to continue to ignore them.
And how is that part of the legal system? The Question is has the punishment fitted the crime. You think the pounish should be reduced to almost nothing at all because his business might suffer because he's known crook?Reports are that his restaurants are taking a hit.
It's certainly a reaosnalbe implication of your statement.. When i say he's got off lightly and your reply is but restaurants have taken a hit, the implication is the reputation damage is in some way justifies the light punishment.I didn't say it was.
I said this is part of the actual price he has paid for his "cheap" loan from his employees.
Nowhere did I say it was any sort of replacement for legal punishment.
Sooz??A South Australian woman who posted "vile, vicious and vitriolic" comments about sexual impropriety, incest and drunkenness that were directed at another user of an online political forum is convicted of stalking.www.abc.net.au
The Pickering Post - frequented by certain RWNJ members of this forum. One wonders.
Really?A remorseless man who executed his nephew for having an affair with his wife had been seeking punishment for the conduct “magnified by a strong sense of dishonour”, a court has heard.www.news.com.au
Looks like incest marriage is legal in Australia? Guy comes over here to marry his cousin but prefers aunt instead and uncle shoots him