Year in Review: The COVID-19 corporate cleanout
Business chiefs at some of Australia's biggest companies were cleaned out in 2020 with many resigning and others losing their jobs due to COVID-19. Mining, insurance, logistics, media, and gaming were all affected, but not necessarily due to the pandemic, rather poor decision-making and bad judgment. The biggest fall from grace was Rio Tinto's Chief Executive Jean Sebastien Jacques who blew up a 46,000-year-old indigenous cultural site in the Pilbara region to expand an iron-ore mine. The airline industry was crushed by coronavirus restrictions with Virgin Australia quickly falling into administration, citing ballooning debts. CEO Paul Scurrah led the company through the restructuring process but was sacked by the new owners once it was rescued.
View on YouTube
Business chiefs at some of Australia's biggest companies were cleaned out in 2020 with many resigning and others losing their jobs due to COVID-19. Mining, insurance, logistics, media, and gaming were all affected, but not necessarily due to the pandemic, rather poor decision-making and bad judgment. The biggest fall from grace was Rio Tinto's Chief Executive Jean Sebastien Jacques who blew up a 46,000-year-old indigenous cultural site in the Pilbara region to expand an iron-ore mine. The airline industry was crushed by coronavirus restrictions with Virgin Australia quickly falling into administration, citing ballooning debts. CEO Paul Scurrah led the company through the restructuring process but was sacked by the new owners once it was rescued.
View on YouTube
Nhận xét
Đăng nhận xét