Business Services Industry
Greasing up the body corporate.
Australasian Business Intelligence, January, 2003
Jan 17, 2003 (The Daily Telegraph - ABIX via COMTEX)
The royal commission into the collapse of HIH has revealed some new values in corporate Australia. Accounting and financial reporting standards have certainly changed. Creativity is now a much more important attribute. There is a certain genius behind disguising heavy losses and disappearing assets. Shareholders no longer own companies. They are just there to ensure that the share price keeps moving upward. Customers can be annoying but are generally no longer worth worrying about. Any company wasting their time listening to the wants of customers has missed the point of business in the new millennium. Competition is also a thing of the past. Competition regulators, particularly the Australian Competition and...
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