Re­coup the losses

The West Australian - - LETTERS -

As a share­holder in three banks, AMP and Tel­stra, I do think it is time the Fed­eral Gov­ern­ment and the Aus­tralian Se­cu­ri­ties and In­vest­ment Com­mis­sion started to re­coup the mil­lions of dol­lars that share­hold­ers have lost.

As a 78-year-old per­son who has just re­tired and never been out of work since three months be­fore I turned 14, these few shares I pos­sess are all the su­per I have. All these chief ex­ec­u­tives who take home mil­lions of dol­lars a year in bonuses and have caused this mas­sive fi­asco should be fined heav­ily in­stead of we share­hold­ers and the gen­eral pub­lic be­ing held to ran­som.

Name and ad­dress with­held.

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