And in 2012, O’Neill invitedto join the Echo board, where he remains. Sheppard now chairs the audit committee, which in 2018 received the damning KPMG report that found the Star was failing to meet its anti-money-laundering obligations. According to the testimony of the relevant KPMG partner, Sheppard asked if it was too late for the report to be edited.
Dexus, under Steinberg, became a sponsor of the Sydney Swans. The benefit of this expenditure to Dexus security holders seems dubious.
We genuinely doubt Steinberg realises just how lucky he is. Most public company executives spend their entire professional lives praying for a Richard Sheppard to turn up – or should we say not turn up. Whatever happens at Star Entertainment, Steinberg will be praying for any fallout to be quarantined. The last thing he needs is a new chairman meddling in his dream job.Connect with
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