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Karen Maley

Writing is on the wall for Coonan

Crown Resorts will probably offer up some corporate scalps now that it realises there is a huge risk that it will be found unfit to operate its flagship Melbourne casino.

Karen MaleyColumnist

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Crown Resorts executive chairman Helen Coonan may well find herself at the top of the list of corporate sacrifices that the gaming giant will offer up as it battles to stave off the potentially “catastrophic” finding that it is unfit to operate its flagship Melbourne casino.

It’s clear that Crown is acutely conscious there is a serious risk that the royal commission will take a dim view of its efforts to instigate a major overhaul of its deeply flawed corporate culture.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p588np