Business
Holgate bought the watches: former Australia Post chair John Stanhope – The Australian Financial Review
John Stanhope says the Australia Post board approved a gift for senior executives but did not sign off on Cartier watches now believed to have cost $19,950.
Sources close to Ms Holgate believe she followed governance processes by seeking board sign off on the gifts.
Mr Stanhope, appointed by Labor in 2012, said Ms Holgate proposed the gifts after the deal was secured with Commonwealth Bank, Westpac and National Australia Bank.
“They brought a lot of revenue to Post and to taxpayers, let alone the benefits for banking in regional Victoria. That is why the board supported her recommendation,” he told AFR Weekend.
The card signed by then chairman John…
-
Noosa News22 hours agoKatter and pregnant wife crash-land plane in outback Qld
-
Noosa News22 hours agoFollowing Up Hottest 100 of Australian Songs Success with a Second Documentary About Your Life and Career: Jimmy Barnes Talks ‘Working Class Man’
-
General19 hours agoRussia launches hundreds of drones and missiles against Ukraine in fresh attack
-
Business11 hours agoWhy did this ASX 200 healthcare stock crash 14% yesterday?