A is for Alex, S is for schadenfreude and so long
Outsider is not one to kick a man when he’s down and out, but when he’s down and out with a reported $5 million or so in his pocket, then perhaps the normal rules don’t apply.
And so, Outsider offers a smirking farewell to the recently but not altogether dearly departed CPA Australia chief executive and self-made multi-media personality, Alex Malley, whose recent fall from grace has put a capital S into the word shadenfreude and a smile on the face of his many critics within the accounting profession.
For his part, Outsider’s fondest memory of Malley was his ambitious venture into financial planning with the establishment of CPA Advice – a venture which seemed to develop all the momentum of a sloth on downers and which, the last time Money Management bothered to look, had garnered a whole 24 authorised representatives (ARs).
Outsider also notes that as recently as May, CPA Advice had cut the fees it charged its ARs – probably a wise move given its less than stellar entry into the highly competitive and highly cynical financial planning sector.
Still, one of Outsider’s favourite photographic images will always be that of Malley and Australian Securities and Investment Commission chair, Greg Medcraft unveiling the CPA Advice concept in 2015 – two men at the peak of their powers.
AUTHOR
The Outsider
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