A Bold Plan for Bank Profits
All Australian banks are suffering a lack of fans after the Royal Commission shows them to all be heartless and money-grabbing.
The Commonwealth Bank of Australia makes $9 billion profit each year.
A single initiative by one bank could reap massive profits.
- Get a new CEO. Preferably a non-white and/or woman
- Fire a few top execs
- Announce that they will not support certain industries like coal/uranium mining, tobacco or old-growth forest logging
- Dedicate 5% of profits to communities and charities
The 5% of profits is roughly $10 million per week. That is a huge amount of money.
5. Run TV ads every week telling where the $10 million was given
I guarantee that their profits will rise enough to cover the giving within a couple of years.