Corporations are
focused on profit. This is achieved by
cutting expenses. Usually by cutting staff and 'cutting
corners' in every way possible. The result is you get less for your
money.
It's happened before e.g., the Banks, Qantus and Sydney Airport to
name a few.
It's bad enough now even trying to ring Telstra and expecting to speak to
a living person. Telstra currently is accountable to the Government; if fully
privately owned it would be accountable to itself. There would be no watchdog.
Oh yes! We forgot; they would be accountable to shareholders. Responsibility to
shareholders has had no effect on huge salary payments, bonuses and termination
payments to C.E.O.'s and others, by large corporations.
For the record, we live @ 85 Kangaloon Road, Bowral, and we are
retired.
Thank you for the opportunity to have a say.
Sincerely, Denis & Sue Brunsdon.
