Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: ... 215-h055ej ... 211-h02x1d ... s,/8626662
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Independent Review Update

A weekly round up of the issues and progress
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Re: Independent Review Update

Post by nakedadmin » Wed Aug 02, 2017 2:57 pm

It's testament to the level of incompetence to have a financial planning venture spend $12m to generate $50k revenue.

It's moronic to be losing money on a financial planning venture let alone one with the benefits of:
* A well known brand backing it
* A captive audience of CPAs
* Conflicts of interest in their favour.

Insanely moronic.
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Re: Independent Review Update

Post by theallseeingeye » Thu Aug 03, 2017 4:04 am

If annual bonuses were awarded to the staff and execs for the performance of cpa advice then you really have to question how such a low bar was set, in terms of performance targets, in the first place.

It also shows how amateur and/or greedy our remaining board members and remuneration committee have been , that they dont seem to appreciate that this level of non-performance from CPA Advice has all the appearances of a sham designed to milk money into the pockets of Board and exec management in the form of additional remuneration.

That is, assuming that wasn't the Board and CEO's intent all along.

And nobody in the junior ranks of cpa advice are going to be a whistleblower if they are being awarded nice bonuses from the CEO for delivering a fat donut in terms of profitability and growth. Oh to see some of those bonus records.

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Re: Independent Review Update

Post by Disgrace 101 » Thu Aug 03, 2017 8:48 am

I suspect if bonus records and international travel records for the last 10 yrs were presented to members, it would be clear members have been conned and the last decade or so has been a complete sham orchestrated by the Malley click!

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Re: Independent Review Update

Post by brooding » Thu Aug 03, 2017 11:34 am

Could someone post their Independent review submission? I'd like to ensure we are all on the same page when we make a submission and I don't want to miss any pertinent points that CPA can be improving.

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