SUPER PROFITS – GREAT FOR INVESTORS, NOT SO GOOD FOR PR; AUSSIES WANT MORE PRIVACY. REALLY.

SUPER PROFITS – GREAT FOR INVESTORS, NOT SO GOOD FOR PR; AUSSIES WANT MORE PRIVACY. REALLY.

SUPER PROFITS – GREAT FOR INVESTORS, NOT SO GOOD FOR PR

Reporting season kicked off in earnest this week, with Australia’s largest bank, CBA, posting a record cash profit for the 2023 financial year of $10.1 billion. 

Great news for investors but something of a public relations headache for CBA, which spent the rest of the week trying to explain how the bank could make so much money for shareholders when so many families are doing it tough as a result of rising mortgage interest rates.

One newspaper headline went as far as describing the profit as “obscene”.

To make matters a tad more difficult, CBA also announced that its CEO, Matt Comyn, was paid $10.42 million during the past year, including bonuses.

AUSSIES WANT MORE PRIVACY. REALLY. 

Australians are increasingly concerned about the privacy of their personal data, with a survey by the Office of the Australian Information Commissioner revealing that three-quarters of those polled saying they worry about cybersecurity breaches.

The survey also found that health providers are the most trusted for data (despite the recent Medibank breach), while social media companies are the least trusted.

And nearly nine in 10 respondents want the government to legislate stricter privacy laws to protect them.

ON YOUR BEST BEHAVIOUR – THE RETURN OF THE BUSINESS MEAL

Business lunches and dinners are back in full swing.

But, in the hybrid working era, office workers seem to be having trouble navigating the delicate balance between listening intently, making meaningful conversation, and taking a bite of food during these meals.

The Wall Street Journal has now shared tips on the best business meal etiquette, such as avoiding cherry tomatoes that may spray, or to gently stir your soup to help it cool down.

In the article, executive coach Alisa Cohn also recommended you avoid anything with red or brown sauces that could drip, stating, “All roads lead away from pasta”.

ONE LAST THING…

Source: The New Yorker


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