For now same sex marriage takes centre stage, but journalists and pollies have taken time out to unload on the Commonwealth Bank, forgetting that their own esteem in public eyes hovers around that of used-car salespersons. Also most have never organised anything bigger than a booze-up in a brewery, so the chances of them understanding how large businesses work is close to zero.

We’ll have to wait for the court case to find out what really happened, but there have been a couple of articles in the AFR, and an ABC TV interview with the chair of the board, Catherine Livingstone, so here is my best estimate as to what happened. Continue reading Which bank under heavy fire →