What is Australia’s worst company?

It has been a decayed… Year… ten years for Australian affairs.

The big banks were not caught in a shorter time than the Royal Commission of Hayne returned and started to defraud customers again. In the meantime, our supermarket giants carving Rip-off traders and the so-called “National Airline” is the most complaining company in the country (and a word for disrespect for customers and workers).

Our media companies are the platform of the Nazis and the rapists and the toxic workplaces employing war criminals. Malignant gambling companies and media addicts continue to give misery to the country while a caught government is standing.

Social media companies bring systemic and structural damage to our culture and politics with impunity. He saw that high concentration levels significantly increased the marking of our largest enterprises. The list of corporate wage thieves and the amounts that owe to Australian workers increase continuously ten years after the first emergence of the problem. And it is not only the lack of companies such as PWCs such as PWC, which cannot actually be added to the toxic list.

But who’s the worst of the worst? Readers will have their own views. Many will recommend Qantas or one of the big banks for their humiliation for customers who are forced to use them. Those who try to balance their household invoices can be called Coles and Woolies. Others will tell News Corp for a cancer role in worsening social and political division and watching hatred. The owners of investors who make their dough in the stars or the shares of almost seven worthless Western media may have a different view.

But Crirase We think that it is possible to objectively identify the worst company by carefully compile multiple criteria and then weigh it in terms of social impact. Here are our criteria:

1. Environmental Damage: Australia’s status as a fossil fuel superpower was built on the hard work of the world’s worst climate criminals – Woodside, Santos and Chevron, Shell and BP. We consider the damage caused by these oligopolists as one of the most important criteria for the worst companies, and we have given him the best weight. However, this is not only for emissions – companies such as News Corp and companies that provide climate denial and defend and defend.
2. Breaking the law: The number of Australian companies that violate the law or admit it are. We also give this to the highest weight, but we were wasting the points that reflect the seriousness of the crime: Westpac’s child abuse, for example, in a different league for mining companies that violate small license conditions.
3. Weaken public policy: What kind of role does a company play in the policy debate? Does it enter a major institutional impact game to get an advantage for himself or its industry at the expense of national interest? Another high -level criterion, which means that each score is multiplied by three.
4. Tax avoidance: Some companies such as large banks or mining companies with large Australian assets pay full burden in the case of corporate tax, while others are famous for tax prevention – News Corp does not pay taxes in Australia; Great technology companies still avoid taxes after years of governments that try to force them to pay more; If fossil fuel companies have any oil source rent tax, they make billions from public sources when paying very little. We give it medium weight.
5. Wage theft: Most of the major companies in Australia were guilty of wage theft with universities, ABC and many small businesses and agricultural industries at some point. Another medium weight criterion.
6. Antic -Preachabalist Behavior: High -level market concentration is an important problem for productivity and inflation in the Australian economy, our relaxed competition laws rarely do a lot to prevent the growth of large firms. Medium weight criterion, ie the points under these criteria will double.
7. Social harmony damage: Very few companies are in a position to actively weaken social stability, but this recognizes the capacity of media companies such as news corp and seven, as well as the capacity to encourage division and hatred, as well as growing gambling companies rich in misery tide in the community.
8. And low -grade criteria: Important but not as important as those listed above: Do companies rely on public subsidies, do they offer bad customer service (Hello, Qantas!), Do they destroy the investor’s reserve and offer bad workplace conditions?

We believe that this offers a solid objective foundation to decide the title of the most terrible company of Australia: This means that you cannot be just a prominent artist in the field of inadequacy or abuse-a scary company must be a good versatile. And we have focused on the last decade, not only, but not only. Although there are some former institutional scandals that we hold in my mind, we are aware that companies with malignant actors like Telstra 20 years ago do not deserve a place in the pantheon of bad men.

We also operated more than 50 of the largest companies in Australia and some multinational companies operating here. We will examine the industries with the worst performance tomorrow and then open the opening winner of the Alan Bond Corporate Abuse.