Australia Post’s corporate credit cards treated executives with luxury perks – The Black Chronicle

Australia Put up firm financial institution playing cards paid for hair salon therapies, make up appointments and splendid overseas lodging for executives, in response to explosive claims from agency insiders.

Besieged CEOChristine Holgate was stood down this week on her full $1.3million wage pending an investigation into the alleged misuse of firm financial institution playing cards.

She was reportedly personally chauffeured to her luxurious trip dwelling at Pearl Seaside on the NSW central coast.

Completely different payments charged to Australia Put up’s firm financial institution card included lavish dinners, consuming durations and even flowers for the office.

Australia Put up CEO Christine Holgate (pictured) has been stood down pending an investigation into the misuse of agency financial institution playing cards

Nights on the town have been reportedly charged to the company financial institution card of Australia Put up (stock image)

Non-public drivers moreover generally ferried her from her North Shore home in Sydney tothe company head office in Redfern,The Weekend Australian revealed.

The revelation comes as Australia Put up disclosed on Friday that four Cartier watches gifted to staff in 2018 from Ms Holgate really worth just under $20,000, not $12,000 as first claimed.

The senior staff handed the luxurious watches have been Gary Starr, Deanne Keetelaar, Anna Bennett and Greg Sutherland.

It adopted the quartet securing the historic $66million Monetary establishment at Put up deal, which sees Australians entry banking suppliers by way of Australia Put up.

Former Australia Put up chairman, John Stanhope, is understood to be telling an inquiry into the scandal that the board didn’t log out on the luxurious watches.

Primarily based on the AFR, Mr Stanhope plans to tell the inquiry that whereas the board agreed with Ms Holgate that well-performing executives deserved presents, it didn’t approve the Cartier watches.

Officers are investigating the potential of irregular use of taxpayer money by Ms Holgate, board members and completely different Australia Put up executives.

One former Australia Put up authorities talked about they’ve been ‘gobsmacked’ on the alleged ongoing misuse of the financial institution playing cards.

Australia Put up CEO Christine Holgate (pictured) was ordered to face down after luxurious watches value 1000’s of acquired to executives

Under Ms Holgate’s tenure, a stream ofsenior administration and authorities group cease their respective posts.

Amongst these are chief financial officer Janelle Hopkins, chief working officer Bob Black, providers authorities Philip Dalidakis, worldwide suppliers authorities Annette Carey and chief digital officer Andrew Walduck.

Ms Holgate modified Ahmed Fahour as Australia Put up chief authorities in October 2017. His closing take-home pay in 2017 was a staggering $10.8million.

Australia Put up moreover confirmed this week Ms Holgate would proceed receiving her wage value $27,000 per week whereas she is stood down in the middle of the investigation.

Ms Holgate – who earns $2.6million a 12 months – gave four Cartier watches to well-paid bosses as a reward for clinching a deal to do banking at submit locations of labor in 2018 (stock image)

Luxurious overseas lodging have been moreover handed to executives from Australia Put up (stock image)

TheWeekend Australianmoreover uncovered extra particulars of firm spending by Australia Put up staff.

Extreme-flying executives have been reportedly using firm containerson the Melbourne Cricket Flooring and ANZ Stadium in Sydney.

Staff reportedly used the venues to take out family and associates, with one staff member talked about to have used an organization discipline to watch an Adele music stay efficiency with family.

In 2019, Ms Holgate was on a base wage of $1.4million nonetheless with bonuses, her chief authorities remuneration swelled to $2.565million.

All through her suspension, she goes to nonetheless pocket $110,000 a month, or the equal of $1.3million a 12 months.

Australia Put up boss was grilled over Cartier watches this week

Labor Senator Kimberley Kitching grills Ms Holgate in cross-examination after revealing prime executives have been ‘awarded’ watches.

Senator Kitching: And what was that award?

Ms Holgate: They acquired watches.

Senator Kitching: And what have been the watches?

Ms Holgate: They’ve been a Cartier watch of a few value of $3,000 each.

Senator Kitching: four people acquired Cartier. Do you keep in mind the mannequin, the type? Was it a Cartier Tank? What was it?

Ms Holgate: I don’t recall. I didn’t really purchase them. They’ve been organised by way of my office on behalf of the Chair and I.

Senator Kitching: OK so merely to be clear, the four people who obtained Cartier watches have been Mr Starr. You obtained one, Ms Holgate?

Ms Holgate: No, I didn’t.

Senator Kitching: Do you, Ms Holgate, ponder it relevant to utilize taxpayers’ money to buy Cartier watches for already highly-remunerated Australia Put up executives?

Ms Holgate: I’ve not used taxpayers’ money. We’re a enterprise organisation. We don’t acquire authorities funding. We’re a enterprise organisation.

Senator Kitching: It’s a authorities organisation.

Ms Holgate: It was a recommendation from our Chair that these people get rewarded.

.

— to blackchronicle.com

The post Australia Post’s corporate credit cards treated executives with luxury perks – The Black Chronicle appeared first on Correct Success.

source https://correctsuccess.com/credit-cards/australia-posts-corporate-credit-cards-treated-executives-with-luxury-perks-the-black-chronicle/