Nice work if you can get it!

[gordonfvckingramsay]

Galling for those of us who took a hit during the stand down.


https://www.news.com.au/finance/work/leaders/wages-of-australias-top-bosses-revealed/news-story/37836781c82797aadc6c132003d457ff

[ruprecht]

Galling for those of us who took a hit during the stand down.


https://www.news.com.au/finance/work/leaders/wages-of-australias-top-bosses-revealed/news-story/37836781c82797aadc6c132003d457ff

Nothing for crew who were on sick leave, but enough to pay Joyce $29,400 per day.

[ScepticalOptomist]

Galling for those of us who took a hit during the stand down.


https://www.news.com.au/finance/work/leaders/wages-of-australias-top-bosses-revealed/news-story/37836781c82797aadc6c132003d457ff

And for those of us still taking a hit over a year later!!!

[gordonfvckingramsay]

And for those of us still taking a hit over a year later!!!

That too!

It is a sick indictment on the corporate and government belief structure. The nation is suffering at a grassroots level but these so called leaders are enjoying the gravy train. Fvcking disgusting.

[Paragraph377]

Until the peasants stand up and scream out ‘off with their heads’ things will never change. The C-suite are in a category all of their own. Their amoral self-serving sociopathic methodology is matched by no other class of people (excluding Royalty and politicians). This ‘ruling class of elites’ has been allowed to rule unopposed since the earliest days of mankind. We have had a few exciting moments including the removal of Louis XV from the throne (and his head). Otherwise in the corporate world it really doesn’t matter whether it’s COVID, a terrorist attack, a global financial meltdown or a massive outbreak of syphilis, money rules supreme and so do executive salaries. The pig is never very far from its trough.

[KRUSTY 34]

The Sociopath who generally sits at the top of the food chain is one thing, but it’s the Sycophants who curry their favour at the expense of their former colleagues, whom I have a particular disgust for.

[megan]

Historians generally view the underlying causes of the French Revolution as the result of the Ancien Régime's failure to manage social and economic inequalityThat comes from wiki, should we set up the guillotines?

[Paragraph377]

That comes from wiki, should we set up the guillotines?
Sounds good to me. The world would be a better place without capitalist pigs.

[gordonfvckingramsay]

Quote:
Historians generally view the underlying causes of the French Revolution as the result of the Ancien Régime's failure to manage social and economic inequality

That comes from wiki, should we set up the guillotines?

I think any ethical failure has to either be corrected or it will be corrected through social disobedience.

[megan]

It's always intrigued me that the denizens at the top get paid top, top dollars because it's a global market and we have to get the very best, yet the position those top denizens take is we have to get the cheapest labour to do the actual work, or at least slash wages to as low as they possibly can.

Always though of a company consisting of three participants, with equal investment in a company's success, management, work force, investors. It seems management looks out for its own reward and shareholder returns, Boeing currently providing the proof of the pudding.

[Pinky the pilot]

That comes from wiki, should we set up the guillotines?

Nahh, too messy!

Try 'Firing' Squads.

[AerialPerspective]

Nahh, too messy!

Try 'Firing' Squads.

I agree, the old adage "first up against the wall" always makes me laugh" - bullets are cheap and plentiful and it's a quick and largely mess free method.

Oh, wait, the government has all the guns....... LOL

[Aussie Bob]

All their wages pale into insignificance compared to what the directors and shareholders of the dubious vaccine manufacturers are getting.

The money doesn't corrupt though does it?

[Paragraph377]

All their wages pale into insignificance compared to what the directors and shareholders of the dubious vaccine manufacturers are getting.

The money doesn't corrupt though does it?
I wonder how Malcolm Turnbulls bank account is going? His son is heavily involved with big pharma.

[gordonfvckingramsay]

https://www.google.com.au/amp/s/amp.abc.net.au/article/100316010


It looks like many large companies did rather well from the JK payments. It begs the question, how much of this handout managed to find it’s way into the pockets of our business leaders?

[krismiler]

At least Australian isn’t as bad as the USA, where there is a Federal minimum wage of only $7.25 an hour and company CEOs typically earn 300 times the pay of an average worker. The middle class has been decimated and society is polarising into two groups, the welfare recipients/working poor and the rich/mega rich.

In more equal countries, CEO pay is 10-30 times that of an average worker.

[gordonfvckingramsay]

At least Australian isn’t as bad as the USA, where there is a Federal minimum wage of only $7.25 an hour and company CEOs typically earn 300 times the pay of an average worker. The middle class has been decimated and society is polarising into two groups, the welfare recipients/working poor and the rich/mega rich.

In more equal countries, CEO pay is 10-30 times that of an average worker.

https://youtu.be/ue7wM0QC5LE

Gotta be careful you don’t make excuses for our corporate leaders by constantly comparing yourself to something worse.

[neville_nobody]

In more equal countries, CEO pay is 10-30 times that of an average worker.

And the "average worker" pays 50% tax.

It's always intrigued me that the denizens at the top get paid top, top dollars because it's a global market and we have to get the very best, yet the position those top denizens take is we have to get the cheapest labour to do the actual work, or at least slash wages to as low as they possibly can.

Always though of a company consisting of three participants, with equal investment in a company's success, management, work force, investors. It seems management looks out for its own reward and shareholder returns, Boeing currently providing the proof of the pudding.

This is getting more to the heart of our current predicament. There is no accountability between the board and senior management and as you suggest there is all the talk of "global competition" until we reach executive level and above when suddenly it disappears and we have to justify inflated salaries. Honestly there would be plenty of CEOs and management from third world countries who would have the ability to run any Australian Public company for 1/3 of what the current cohort get paid. One of the problems in Australia is the relationship between boards and CEOs is to cosy there needs to be more of a adversarial relationship and the Board needs to keep the management in check rather than some sort of "buddy" relationship which appears to be how it works now.

[krismiler]

The rich may talk about how much they pay in tax but their salaries are simply inflated to give them what they want in hand after tax. A lawyer charges several hundred dollars an hour in order to have the income he desires after the government has taken its cut. Effectively the client pays the lawyers income tax bill from his own after tax pay cheque.

Governments exist to serve the interests of the rich, and remain in power by redistributing wealth from the middle class to the poor class in order to buy votes. America has decimated its middle class and now has few people left to tax, with the mega rich using every loophole and artificial structure they can in order to protect their assets, and a growing poor and homeless class requiring increased welfare.

American manufacturing quality suffers as managers are only interested in cutting costs and getting bonuses in return before they move on. The Japanese take a long term view and try to improve what they make with each product cycle. Simply comparing Chrysler and Toyota cars makes this very obvious.

[Paragraph377]

The rich may talk about how much they pay in tax but their salaries are simply inflated to give them what they want in hand after tax. A lawyer charges several hundred dollars an hour in order to have the income he desires after the government has taken its cut. Effectively the client pays the lawyers income tax bill from his own after tax pay cheque.

Governments exist to serve the interests of the rich, and remain in power by redistributing wealth from the middle class to the poor class in order to buy votes. America has decimated its middle class and now has few people left to tax, with the mega rich using every loophole and artificial structure they can in order to protect their assets, and a growing poor and homeless class requiring increased welfare.

American manufacturing quality suffers as managers are only interested in cutting costs and getting bonuses in return before they move on. The Japanese take a long term view and try to improve what they make with each product cycle. Simply comparing Chrysler and Toyota cars makes this very obvious.

Most Governments have shot themselves in the foot because there is no ‘middle class’ anymore. We now have only two classes. The result - more debt, more printing money, more inflation and so it goes. They’ve been kicking the can down the road for decades. Eventually the chickens will come home to roost.

[Wizofoz]

This is getting more to the heart of our current predicament. There is no accountability between the board and senior management and as you suggest there is all the talk of "global competition" until we reach executive level and above when suddenly it disappears and we have to justify inflated salaries. Honestly there would be plenty of CEOs and management from third world countries who would have the ability to run any Australian Public company for 1/3 of what the current cohort get paid. One of the problems in Australia is the relationship between boards and CEOs is to cosy there needs to be more of a adversarial relationship and the Board needs to keep the management in check rather than some sort of "buddy" relationship which appears to be how it works now.

AND there is very strong data that shows there is NO correlation between executive salaries and the success of corporations- some of the biggest corporate disasters have been helmed by some of the best paid CEOs.

[cattletruck]

I still wonder how they manage to spend all their obscene annual salary year upon year. Sure, buy the big house, the big boat, the big plane, take a big holiday... but after that?

I think they are just miserable gits who only like counting their money over and over and over again.

[megan]

AND there is very strong data that shows there is NO correlation between executive salaries and the success of corporations- some of the biggest corporate disasters have been helmed by some of the best paid CEOsNo better example is the bankruptcy of Lehman Brothers in the financial crisis, after the government bailed them out the execs paid themselves big bonuses for having saved the company. Should have been in jail because of the corrupt dealings that caused the crisis in the first place. Privatise the profits and socialise the losses indeed.

[Paragraph377]

No better example is the bankruptcy of Lehman Brothers in the financial crisis, after the government bailed them out the execs paid themselves big bonuses for having saved the company. Should have been in jail because of the corrupt dealings that caused the crisis in the first place. Privatise the profits and socialise the losses indeed.
Not one single Bankster went to jail. Not a single one. The Governments are always complicit.

[AerialPerspective]

Not one single Bankster went to jail. Not a single one. The Governments are always complicit.

Ah, except in Iceland, they not only had laws for this sort of stuff, they prosecuted the bankers and they went to jail for lengthy sentences. They also passed another law I believe called the 'Spirit of the Law Act' or similar which basically says if you think you're smart and can carefully tread your way around the law to get a free pass, we will come at you with violating the 'spirit of the law'.

Only in the United States is the egregious greed with the virulence of a deadly disease microbe rewarded with a bonus....... if you do get caught, like their politicians, you just need to say "God made me do it" or "God has forgiven me" and the imbeciles will vote you in again or say it's ok because you're a 'person of faith'.