Toast Welcome to Hawthorn : Ian Silk

[Ned Ryerson]

Drainage.

 

[threesixpio]

 

[Ned Ryerson]

View attachment 1298373

Silk listening to Kennett’s phone call with Andrew Peacock:

 

[Easy Slips Catch]

Hawthorn hopeful Ian Silk loved pokies

Ian Silk didn’t just like pokies at AustralianSuper, he loved them!

www.afr.com

I am pro pokies, so this is a good news story for me.

 

[threesixpio]

Silk listening to Kennett’s phone call with Andrew Peacock:

View attachment 1298378

That’s when cuss words were seen as outrageous. Now anyone can ****en use them

 

[Ned Ryerson]

Hawthorn hopeful Ian Silk loved pokies

Ian Silk didn’t just like pokies at AustralianSuper, he loved them!

www.afr.com

I am pro pokies, so this is a good news story for me.

Every non-ethical fund would have exposure to vice industries. A superannuation trustee has an obligation to produce returns for its members - so long as there isn’t overweight positions being held in gambling companies in funds that are being pitched to the market as ethical funds then you’re absolutey going to have exposure to gambling industries as well as industries that have a carbon footprint. That’s why you can choose to use ethical funds.

It’s a little different when you run a footy club and have far more control over the running of the finances. Of course the CEO of a superannuation fund could make an investment mandate (happened at the old First State Super because they had so many members in the health sector they decided to divest entirely from any exposure to tobacco stocks) but divesting fully from gambling stocks wouldn’t be in the broader interest of AustralianSuper’s many members so why would he do it?

There is more pressure on footy clubs to divest from gambling. Silk understands this, wants us to divest but has been forthright in saying it will be a phased withdrawal because he doesn’t want to financially damage the club.

So what is Roddan’s point? Comparing AustralianSuper’s stance on poker machines to the Hawthorn Football Club’s and Silk’s position on poker machine investment as CEO of the largest superannuation company in the country and as potential president of a football club is just bizarrely stupid.

That story is an ideologically driven hit piece by someone who hasn’t a single clue how superannuation works.

 

[Strapping Young Lad]

Hawthorn hopeful Ian Silk loved pokies

Ian Silk didn’t just like pokies at AustralianSuper, he loved them!

www.afr.com

I am pro pokies, so this is a good news story for me.

I guess we have found the one “pro pokies” guy then.

 

[Easy Slips Catch]

One guy contributed 7.6 mill to the footy club so show some respect.

 

[MrPremiership]

Welcome Prez

 

[Ned Ryerson]

One guy contributed 7.6 mill to the footy club so show some respect.

What exactly are you referring to here?

 

[eldorado]

One guy contributed 7.6 mill to the footy club so show some respect.

 

[MrPremiership]

What exactly are you referring to here?

yeah i'm lost here

 

[Ned Ryerson]

yeah i'm lost here

Don't drink and Bigfooty I think is the lesson here.