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…
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