The Australian Chamber of Commerce and Industry has some interesting reading in their defence of stratospheric salaries...
including this crock of ****e...
Executive wage outcomes also reflect a range of considerations for executives and their employers (particularly in Australia’s largest companies) which effectively
distinguish them from the employment experiences of most Australians, and from award wage earners in particular. These include:
- Executives assuming a level of risk in their employment which is considerably higher than for most other employees, including award covered employees.
- The market for executive expertise is becoming increasingly internationalised, with Australia’s major companies increasingly needing to search overseas for executives.
- Executives making a very high level of personal investment in their education, skills and experience, which is often recouped only on promotion to the highest strata of executive employment.
Sound familiar?
