Hostplus chief executive David Elia has defended spending $260,000 of the fund’s money hosting employers at last year’s Australian Open, saying it was important to keep up with competitors.
“It’s probably our flagship corporate entertainment event that we do,” Mr Elia said at the banking royal commission on Tuesday.
“We have key employers, key stakeholders, alliance partners flying in from all over Australia to participate in that…It’s a great time of the year for us to do that.”
Actually not funny. Sad. Very sad for the members of the fund. A lot of whom are young, lower paid hospitality (read pubs and clubs) workers.
Elia also said:
And I wish I didn’t have to do it.
Yes. It must be so difficult as the CEO to have all that expensive entertainment, food and wine forced upon you.