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- Spare a thought
- Alert but not Alarmed
- I'm entitled
- Little Phoenix
- Rudd's asylum policy
- Bligh's weird priorities
- Andre Rieu
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What we're talking about
- Trevor on Water is important Anna Bligh knows that Fluoride is a Poison however she says her job is on the line IF she does not follow the Instructions ... more
- luke151165 on Andre Rieu We went to the 2nd evening in Brisbane and sat up on level 7 directly in front of the stage and could see absolutely ... more
- Michael on The Exclusive Brethren I recently taught Brethren children in a Central-Western NSW state public school. The children are always very polite and ... more
- Lynette on Alert but not Alarmed Unfortunately for Australia, most muslims remain silent to the behaviour of their radical nutters within their communities ... more
- Kane on The Exclusive Brethren i hate brethren more
- Nicky Aplin on Andre Rieu I love your show, have alovely Christmas, hear you in the new year. more
- Damien Fay on I'm entitled As Peter Garrett (ex Midnight oil frontman)once wailed/protested in one of their greatest songs - 'everythings set, ... more
- Geoff Cass on Rudd's asylum policy Those who are seeking a country that will provide them with a place to live, food, clothing, education, tramsport, medical ... more
- David Oliver on Spare a thought We... are hoping for a ham and a couple of nice presents.... They are....HOPING TO COME HOME..... "Doesn't that make you ... more
- Anne Scott on Spare a thought Here here Michael. Beautifully put. We have one who has been there 3 times and about to go back again. Whilst that grubby ... more
- Nikki on Alert but not Alarmed Smithy, Can we keep this on the agenda? Don't let it get put in the too hard basket. As Australian's we need to keep ... more
- Nikki on Alert but not Alarmed Hi Smithy, I listened to your program yesterday and was horrified by the comments of Sheik Feiz Mohammad. What blows my mind ... more
- Jason on Alert but not Alarmed One thing about John Howard, is that when he was in charge, I felt safe that Australia's culture and security would be ... more
- Hard Worker on I'm entitled I have worked all my working life, 20 plus years. I have never depended on Government hand outs at all. I think its time ... more
- Greg Williams on Alert but not Alarmed Every Western nation allowed the socialists to champion the cause of foreign cultures and to embrace them at the expense of ... more
- Geoff Cass on Rudd's asylum policy It is quite obvious why he did this - he really does believe that he is THE WORLD RULER IN EVERYTHING, and he just won't ... more
- Geoff Cass on Alert but not Alarmed Adding to my last note: maybe those allowing these illegal migrants entry are secretly Muslim supporters, and are keen to ... more
- Geoff Cass on Alert but not Alarmed Why are our leading politicians so criminaly stupid as to allow illegal would-be immigrants to come and stay, at taxpayer's ... more
- Anne Scott on I'm entitled Too sickening to comment on. Michael, will you head a new party to stop all this crap? I promise I will vote for you. I'm ... more
- Anne Scott on Alert but not Alarmed Appalling and disgusting, but sadly not surprising. Every intelligent person knows how bad the problem is getting, yet ... more
CEO golden parachutes
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
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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
