A curious quirk of Australia’s version of capitalism is that our business leaders must assure their shareholders they’re making good money while at the same time convincing politicians they’re doing it tough.
And so, naturally, it leads to some confusion about what facts and figures should be used to determine the greater truth, as it did as last week’s Senate inquiry into supermarkets.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
