Plenty won’t like Matt Comyn’s big fix for Australia. That’s OK
The CBA chief executive may cop flak for putting some of the more controversial ideas on the table to solve the productivity crisis. But it’s worth the risk.
Matt Comyn has just entered dangerous waters. The nation should thank him for it.
Comyn has used Commonwealth Bank’s submission to the Productivity Commission’s five-pillar review – which Treasurer Jim Chalmers hopes will provide a blueprint for economy-wide reform – to very deliberately call for difficult measures that will require sacrifice from parts of the community, including the bank’s own customers and shareholders.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
