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Nice work if you can get it!

Old 19th Jul 2021, 22:39
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Nice work if you can get it!

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


https://www.news.com.au/finance/work...6c132003d457ff
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Old 19th Jul 2021, 23:28
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Originally Posted by gordonfvckingramsay View Post
Galling for those of us who took a hit during the stand down.


https://www.news.com.au/finance/work...6c132003d457ff
Nothing for crew who were on sick leave, but enough to pay Joyce $29,400 per day.
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Old 19th Jul 2021, 23:43
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Originally Posted by gordonfvckingramsay View Post
Galling for those of us who took a hit during the stand down.


https://www.news.com.au/finance/work...6c132003d457ff
And for those of us still taking a hit over a year later!!!
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Old 19th Jul 2021, 23:49
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Originally Posted by ScepticalOptomist View Post
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.
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Old 20th Jul 2021, 02:28
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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.
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Old 20th Jul 2021, 03:48
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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.
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Old 21st Jul 2021, 02:08
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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?
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Old 21st Jul 2021, 02:52
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Originally Posted by megan View Post
That comes from wiki, should we set up the guillotines?
Sounds good to me. The world would be a better place without capitalist pigs.
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Old 21st Jul 2021, 03:42
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Originally Posted by megan View Post
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.
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Old 21st Jul 2021, 04:28
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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.
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Old 21st Jul 2021, 04:49
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That comes from wiki, should we set up the guillotines?
Nahh, too messy!

Try 'Firing' Squads.
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Old 21st Jul 2021, 06:35
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Originally Posted by Pinky the pilot View Post
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
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Old 21st Jul 2021, 22:18
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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?
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Old 21st Jul 2021, 23:41
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Originally Posted by Aussie Bob View Post
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.
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Old 22nd Jul 2021, 21:39
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https://www.google.com.au/amp/s/amp....icle/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?
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Old 22nd Jul 2021, 22:45
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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.
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Old 23rd Jul 2021, 01:23
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Originally Posted by krismiler View Post
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.

Gotta be careful you don’t make excuses for our corporate leaders by constantly comparing yourself to something worse.
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Old 23rd Jul 2021, 02:21
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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.
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Old 23rd Jul 2021, 06:14
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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.
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Old 23rd Jul 2021, 06:41
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Originally Posted by krismiler View Post
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.
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