Ross Greenwood leaves Money News and Macquarie Media | radioinfo

Ross Greenwood leaves Money News and Macquarie Media

Friday 13 December, 2019
Ross Greenwood, the host of Macquarie Media’s Money News, has announced that he is finishing his radio commitments with Macquarie Media and will not be returning in 2020.
 
Ross says, “I have just turned 60 and have been working non-stop for the past 40 years. This is a great time for me to stop and have a break from radio and then look at what my next steps are going forward. I’ve thoroughly enjoyed my time with Macquarie Media, however eventually all things come to an end.”
 
Nine’s Managing Director – Radio, Tom Malone, says, “Over the past 10 years, Ross has made Money News a key part of our radio schedule and I want to thank him for everything he has done. We understand his decision and look forward to speaking with him again next year about the role he can play when he returns from his break.”
 
Money News will return next year on Macquarie’s radio network and a host for 2020 will be announced in the coming weeks.
 
Greenwood remains in discussions with Nine’s Director of News of Current Affairs, Darren Wick, on his television duties for 2020.

 
 
 
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Anthony The Koala
13 December 2019 - 10:47am
When I was listening to 2GB last night, 12-12-2019 at about 1900, I was sorry to hear him announce that he was leaving 2GB.

His show was not about the theoretical issues of economics such as supply and demand curves and economic theory presented at university.

Rather his show was about the economic impact in our lives of current affairs, politics, the law, economics in general, the goings on in the sharemarket , the decisions of top level management and its board of directors ('BOD').

Currently, one of the big economic and legal issues of the day is Westpac's requirement as a reporting entity under the Austrac Act not complying with the requirement to report over 23 million transactions over the value of $10 thousand to the Austrac agency.

Ross's program clearly described the hostile relationship between Westpac's shareholders and the BOD in respect to ethics and the impact of dividends. There was also the issue of the relationship between Westpac and its auditor in regards to putting these 23 million transctions to prominence.

Ross put to notice to his listeners the lack of detail of the magnitude of the failure to report the 23 million transactions in Westpac's annual report.

Sources:
pages 17, 105, 257, https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/ic/2019_Westpac_Group_Annual_Report.pdf
https://www.austrac.gov.au/about-us/austrac-overview
https://www.smh.com.au/business/banking-and-finance/westpac-should-have-seen-the-money-laundering-scandal-coming-20191125-p53dxq.html

Ross's program will be missed and commercial radio will be at a loss,

Thank you,
Anthony of exciting Belfield
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