Business
JobKeeper recipient Moelis pays bonuses and dividends – The Australian Financial Review
That’s right: even the investment banks got a JobKeeper boost.
The corporate advisers at Moelis Australia bill lavishly for their ability to ferret out every available financial advantage for their clients. So is anyone surprised the Jeffrey Browne-chaired company did the same for itself?
Its annual results, released on Wednesday, revealed a 5 per cent drop in underlying EBITDA, sheeted home to COVID-19. But any impact on the business and its staff was cushioned by the governments $83 billion JobKeeper package, of which Moelis itself secured $3.3 million. Thats…
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