Pitch Engine
The Times Real Estate

.

Banking Royal Commission: the real problem is how we value executives and workers

  • Written by Kym Sheehan, Senior Lecturer in Law, University of Sydney
Banking Royal Commission: the real problem is how we value executives and workersIf you are valued more for ends than means, you'll cut corners with means.Shutterstock

Justice Hayne says in almost every case of appalling misconduct examined by his commission, what happened was “driven not only by the relevant entity’s pursuit of profit, but also by individuals’ pursuit of gain”.

He is fingering greed:...

Read more: Banking Royal Commission: the real problem is how we value executives and workers

More Articles ...

  1. Compensation scheme to follow Hayne’s indictment of financial sector
  2. Research shows most online consumer contracts are incomprehensible, but still legally binding
  3. Pro tip for Australia's banks: imagine you are in Canada
  4. Six questions our banks need to answer to regain trust
  5. Banks are enabling economic abuse. Here's how they could be stopping it
  6. Vital Signs. Yet another year of steady rates. What's the point of the RBA inflation target?
  7. Why Australians are falling in love with American football, and what it means for local leagues
  8. What banking regulators can learn from Deepwater Horizon and other industrial catastrophes
  9. A Trump-aligned World Bank may be bad for climate action and trade, but good for Chinese ambitions
  10. Too big to fail. The risks to Australian taxpayers from New Zealand banks
  11. Throw a sea cucumber on the barbie: Australia's trade history really is something to celebrate
  12. Low income, no assets, large credit-card debt: why more older Australians are declaring bankruptcy
  13. Dirty deeds: how to stop Australian miners abroad being linked to death and destruction
  14. As work gets more ambiguous, younger generations may be less equipped for it
  15. Gillette has it right: advertisers can't just celebrate masculinity and ignore the #metoo movement
  16. Stranger than fiction. Who Labor's capital gains tax changes will really hurt
  17. The financially well-off defy the stereotypes. They include retirees, and mortgagees
  18. Vital Signs: the power of not being too clear
  19. Recycling is not enough. Zero-packaging stores show we can kick our plastic addiction
  20. Gillette's corporate calculation shows just how far the #metoo movement has come
  21. The big lesson from Opal Tower is that badly built apartments aren't only an issue for residents
  22. More than unpopular. How ParentsNext intrudes on single parents' human rights
  23. New figures put it beyond doubt. When it comes to company tax, we are a high-tax country, in part because it works well for us
  24. It's not just the isolation. Working from home has surprising downsides
  25. Sugar daddy capitalism: even the world's oldest profession is being uberised
  26. Superannuation: why we stick with the duds
  27. The Productivity Commission inquiry was just the start. It's time for a broader review of super and how much it is needed
  28. Vital Signs: so far, it's more of a house price blip than a bust in the making
  29. The economics of 'cash for cane toads' – a textbook example of perverse incentives
  30. Productivity Commission finds super a bad deal. And yes, it comes out of wages
  31. There are lessons to be drawn from the cracks that appeared in Sydney's Opal Tower, but they extend beyond building certification
  32. Almost every brand of tuna on supermarket shelves shows why modern slavery laws are needed
  33. Businesses think they're on top of carbon risk, but tourism destinations have barely a clue
  34. Very risky business: the pros and cons of insurance companies embracing artificial intelligence
  35. Brick-bait: three tricks up retailers' sleeves to lure you back to physical shops
  36. Three ways to achieve your New Year’s resolutions by building 'goal infrastructure'
  37. It's time to put the 15-hour work week back on the agenda
  38. Organic, free-range, fairtrade or vegan: how ethical consumption got so selective
  39. There aren't plenty of fish in the sea, so let's eat all that we catch
  40. Yes, retailers exploit Christmas, but their decorations still evoke religious spirit
  41. Here's a long-term budget fix that would boost investment: replace company tax with cashflow tax
  42. More mirage than good management, MYEFO fails to hit its own targets
  43. Vital Signs: No, Joe, America should not be copying Australia's 'asset recycling' misdirection
  44. Why cutting Australia's migrant intake would do more harm than good, at least for the next decade
  45. Cut the pension, boost Newstart. What our algorithm says is the best way to get value for our welfare dollars
  46. Not wiped out. Why Whyalla, of all places, now has a sustainable future
  47. Digital platforms. Why the ACCC's proposals for Google and Facebook matter big time
  48. How low will Bitcoin now go? The history of price bubbles provides some clues
  49. The government can restrain electricity prices without threatening to break up power companies. Its adviser says so
  50. Darwin port's sale is a blueprint for China's future economic expansion