Listed darling Domino's Pizza's chief pizza tosser Don Meij was far from pleased to receive a second serve of a certain Deutsche Bank research note on the company.
Deutsche Bank analyst Michael Simotas caused Domino's some considerable heartburn in July when he estimated wages at the pizza chain could blow out by $32 million if the company paid full penalty rates.
![Domino's Pizza's chief pizza tosser Don Meij.](/web/20160929144004im_/http://www.theage.com.au/content/dam/images/g/q/t/j/f/1/image.related.articleLeadwide.620x349.grpbd2.png/1474988982365.jpg)
Simotas wrote that note over concerns the company's new pay deal with workers would result in full penalty rates being paid.
Much to the displeasure of Meij, the Deutsche Bank note came up again this week when the company announced it would be hiring 2500 new, and presumably fully paid, employees. He called BusinessDay to set the record straight.
"[The note] came out when we were in a blackout period so we had to come out of blackout and straighten up the story," Meij said.
"That's the unfortunate thing about the market when somebody takes a report straight to the media without it being properly sanitised with management. In other words, we didn't have a strong view put into that paper."
Now Meij is far from having a UBS "notegate" moment, but CBD reckons the sanitiser is probably best left in the kitchen. Deutsche Bank declined to comment.
Turnbull swanning
This weekend's AFL grand final between the Sydney Swans and the Western Bulldogs is fast shaping up as a state of origin affair.
![From BFFs to frenemies? Chris Hemsworth will be supporting the Bulldogs on Saturday, whereas Malcolm Turnbull will ...](/web/20160929144004im_/http://www.theage.com.au/content/dam/images/g/k/0/n/f/0/image.related.articleLeadwide.620x349.grpbd2.png/1474988982365.jpg)
While many Melburnians have listed the Doggies as their second-favourite team (hopefully not a karmic kiss of death for the team's 60-year premiership drought), the Bloods, too, have some big-time supporters.
Barracking for Sydney (as they are still known in Victoria) this weekend will be none other than Prime Minister Malcolm Turnbull.
![Illustration: John Shakespeare.](/web/20160929144004im_/http://www.theage.com.au/content/dam/images/g/r/p/s/l/u/image.related.articleLeadNarrow.300x0.grpbd2.png/1474988982365.jpg)
A spokesman for the Prime Minister confirmed his support to CBD: "As a Swans supporter, the PM will definitely be barracking for Sydney."
He'll be joined by Swans chairman, investment banker and art fraud victim Andrew Pridham, former Sydney boss and ING real estate heavyweight Richard Colless, ex Mirvac boss and current Folkestone boss Greg Paramor, and Seven West Media chief Tim Worner.
Lining up for the Doggies is former PM Julia Gillard, Victorian Treasurer Tim Pallas, former Slater & Gordon managing partner Peter Gordon, Greens senator Janet Rice and No.1 ticket holder Alan Johnstone of the club's long-time sponsor Penfold Motors.
The Doggies have also found some support in an unlikely place – the hammer of the Norse gods, Thor! The human that plays Thor, actor Chris Hemsworth, that is.
Let's hope the PM and Hemsworth – besties at last year's match – can keep it friendly this year.
“@sydneyswans: Swans advance to a home prelim - Swans 11.5 71 to Crows 5.12 42. #aflcrowsswans #goswans” Great work Swans!!
— Malcolm Turnbull (@TurnbullMalcolm) September 8, 2012
Howes that?
Former union heavyweight Paul Howes will also be supporting the Bulldogs at the weekend.
He has, however, moved out of step with his former friends in the Labor Party and does not support a banking royal commission. It's a view that is more in line with some of his new friends at KPMG's wealth management advisory arm – the big four banks.
Howes made the comments in a news article this week that made zero reference to the weight of scandals in the finance sector in recent years including in the life insurance industry, financial advice and superannuation. Products Howes' new big four friends all sell.
It's good to know Howes is following the new Freedom of Financial Advice rules and ensuring he is looking after his clients' best interests.
Howes told CBD he stands by his view that royal commissions are a waste of time but acknowledged the scandals.
"There are serious issues around conduct within the banking sector," Howes says.
"The banks have a social licence and they have work to do to repair the damage done to that licence. But I don't think a royal commission is the best way to address the issues," he adds.
Yesterday an Essential Poll found 62 per cent of Australians think a royal commission on the finance sector is important.
The poll also showed that more Liberal voters (59 per cent) supported the royal commission on the banking industry over a plebiscite on same-sex marriage (41 per cent).
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