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10 things you need to know this morning in Australia

Tuesday 26 November 2019

Business Outsider

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'A free pass to pedophiles': Here's your guide to the Westpac money laundering scandal rocking the bank

Westpac CEO Brian Hartzer stepped down on Tuesday morning amid allegations that the bank violated money laundering laws. It's alleged more than 23 million Westpac transactions breached anti-money laundering and counter-terrorism finance laws.
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The company behind Hungry Jack's new plant-based Whopper just secured $35 million in Series A funding

v2food has secured $35 million in Series A funding, which the company claims is the largest for the plant-based meat sector in Australia to date.
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The 'Airbnb for pools' has launched in Australia, giving you the opportunity to book out a stranger's pool for a few hours

Swimply, the first online marketplace for pool-sharing has launched in Australia. The app lets you rent a private pool for a couple of hours in New South Wales, Victoria or Queensland.
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SoulCycle CEO Melanie Whelan has resigned, marking the end of a tumultuous year for the boutique fitness company

SoulCycleCEO Melanie Whelan is stepping down from the company as part of a "mutual agreement" between Whelan and the board, a spokesperson for the company confirmed to Business Insider.
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Michael Bloomberg built a $54 billion company. For 2 decades, women who worked there have called it a toxic, sexually charged nightmare.

Bloomberg LP, the financial-data firm that presidential candidate Michael Bloomberg founded in 1981, has repeatedly been described as a sexualized, predatory environment in harassment and discrimination complaints from several women, a Business Insider investigation has found.
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Rebrands can remedy scandals, but they can also cause them. Here are 6 of the most controversial company rebrands of 2019.

When it comes to company rebrands, they don't always go over as well as the company intended. From poorly designed logos to accusations of copying other brands, these controversial company rebrands didn't sit well with the public.
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Tesla now does sedans, SUVs, sports cars, semis, and pickups — here are 5 more segments for the company to attack

Tesla unveiled its much-anticipated Cybertruck last week. Reaction was ... mixed. But the arrival of the Cybertruck suggests some new, untapped vehicle segments that Tesla could move into.
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WeChat users in the US say the app is censoring their messages about Hong Kong

Chinese Americans who use the Chinese app WeChat say they are being censored for writing messages in support of Hong Kong. WeChat is ubiquitous in China, so for Chinese Americans with family there it is a major blow to be kicked off the app.
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Why an MBA could change your working life even if you don't have CEO aspirations

In many workplaces, job progression is critical to ensure sustained employee happiness and retention. But working in the C-suite can be challenging and not everyone has ambitions of running the company.

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