Australia Post Licensees Throw Support Behind Troubled CEO

Clock Ticking on Holgate’s Cartier Watch Scandal

A woman posts mail via an Express Post box located on Oxford st outside the Darlinghurst Post Office on May 7, 2014 in Sydney, Australia. Don Arnold/Getty Images

Australia Post licensees have thrown their support behind troubled CEO Christine Holgate and will be mailing $5 notes to the prime minister in protest, as revelations emerge that $20,000 worth of Cartier luxury watches were gifted to senior executives at the organisation.

Holgate has been stood aside while a one-month investigation into the management culture of Australia Post is carried out; it will examine issues related to gifts, rewards, and expenses.