What we're talking about

Dianne on The Burkha The Burkha Many years ago I also was confronted with a vision of women shrouded in a Burkha. It left an enormous impact on ... more
Robert Bailey on The Burkha One easy way to outlaw the burka is to enlist the help of the rebel motorcycle gang. Have them introduce a custom into their ... more
Albert on The Burkha Bigfella, I believe we may agree on what the word freedom really means, so the decision to ban the burqa liberated many and ... more
Albert on The Aboriginal Disgrace Smithy, You must be aware that the percentage of sexual abuse of Aboriginal children is no worse than in the white ... more
John Forrest on The Burkha Hi Jason, Bigfella picked picked you like a dirty nose.You really do need to broaden your thinking and show some level of ... more
bigfella on The Burkha Albert, The passage that you have taken from Ms Haussegger's blog is actually from the Australian constitution. It would ... more
Albert on The Burkha Bigfella, what is our responsibility when we know of women and young girls who are beaten because they do not want to wear ... more
Jason on The Burkha Bigfella, before we get back to the burka, i'm entitled to reply to your logic and insults. Which you leftards are so well ... more
john on The Burkha New product aimed at the Muslim market The Burkhie more
Albert on The Aboriginal Disgrace When the Prime Minister was making the Sorry Speech, 13 February 2008, I was reading his face, it was saying, as from Kath ... more
bigfella on The Burkha Hey Jason, The great thing about the Austrlian culture is that it draws from so many other cultures. That's why we embrace a ... more
Jason on The Burkha Hey Bigfella, Why do you want to change Australia so much? If you want to see mosques and Islamic schools going up every ... more
bigfella on The Burkha Michael, So Virginia Haussegger works for the ABC, is a feminist, and has won a United Nations Association award. I would ... more
Phil - Springwood on The Welfare State Anna Campbell -29.06.09 - The more I read this article, the angrier I become; and I call to arms my practice of ... more
bigfella on The Burkha Michael, Perhaps the debate has moved on for some. However, I suspect that many will simply jump on the bandwagon with this ... more
Norm on The Burkha Most of these women don't have a choice and if we in the West don't put a stop to it, for their sake,I fear we will see more ... more
Jeff MAURICE on The Burkha I like many other Aussies believe that if you come here to our fair land, you should be ready to join our society, our ways, ... more
rick on The Burkha this is australia, not the middle east. the burqa was designed to protect oneself from desert sand storms.(it has nothing to ... more
Albert on The Burkha Al Qaeda vows revenge on France over plans to ban the burqa. I suggest they study they Koran, then be the first to applaud ... more
Phil - Springwood on The Welfare State Anna Campbell - 27th. June. 09 I was the person who used the word scum; See Anna, I am on Disability Support, I have told my ... more

CEO golden parachutes

Posted by: Michael Smith | 27 November, 2008 - 12:21 PM

Well Gerry Harvey has the quote of the day. He's talking about the $112 million that Australian public companies have paid to get rid of unwanted bosses in the past 3 years. Here's what Gerry has to say:-

"It is absolute bullshit. Chief executives are paid ridiculous amounts of money and then when they do a crap job they get ridiculous amounts of money to leave," he said.

Our corporate culture is sick. It needs fixing. And like the old dead fish, it's going off from the top.

Australian boards of directors are too insular. Too matey. Look at Sol Trujillo and Don McGauchie from Teltstra.

The sweetheart deals CEOs and their boards make just beggars belief. Last year 66% of Telstra shareholders specifically voted against the pay deal for Telstra's CEO Sol Trujillo – but that vote by the owners of the company has no effect under our law.

As we head into choppier economic waters the potential for the great divide between workers and bosses grows. Workers will be looking for wage rises – bosses will be trying to keep wages low to get through the harder times. I am continually shocked at the “do as I say not as I do” approach taken by too many of our CEOs and boards of directors.

Many of our CEOs would do well to lead by example and deliver themselves a pay cut during these times. In particular, the outrageous departure packages CEOs set up for themselves have to go.

Blog comments

I couldn't agree more as a salesman I have always been judged on my results and over the years have watched friends go for not living up to the required standards They get paid what they are entitled - a fortnight's pay and what ever leave acrued. These other clowns go out with millions and then 12 months later show up on another board as if nothing has happened. I always thought we were an egalitarian country but I am convinced that the old boys clubs run our corporations and companies

John H Wednesday 3 December, 2008 - 5:53 PM