, pointed out, it was inevitable that companies that showed their support, including financially, would face criticism for doing so from some of their shareholders, as well as from the Coalition.
But the big worry for the corporate community is that the referendum’s overwhelming defeat could turn out to be materially bad for business because it highlights the scant regard most Australians have for business leaders. In fact, the broader community has very little interest in what corporate Australia has to say about anything.Now, this fact certainly won’t be lost on those in the Australia’s political class. And you can be sure they’ll make use of this insight as they strain to contain ballooning budget deficits in coming years.
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