Recent entries
- Crime Mapping
- Springborg's Monster Pumpkin
- Assault, Sunshine Beach
- Keeping the Greenies on the leash
- Flying Foxes and little girls
- Tony Abbott does a Turnbull
- Racists in our midst
- Time to go Stephen Robertson
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What we're talking about
- Jamie on Crime Mapping Hey Smtihy, On a recent trip to Omaha in December, I saw this is action. The information featured in the news media quite ... more
- Phil on Springborg's Monster Pumpkin Lawrence and Lady Flo should combine forces and make Pumpkin Pies against Labors Lies. more
- Richard on Keeping the Greenies on the leash I wonder if this law could be extended to the Australian Antartic Territory. more
- rick douglas on Crime and Punishment in Queensland AND ORDER IN QUEENSLAND AND AUSTRALIA LAWTHE WAY LAW AND ORDER IS IN QUEENSLAND IT IS NON-EXCISTANT IT NEEDS SOME FIXING I ... more
- David on Halal certification Is this true? Segregation starts in the Mosque where women are separated and put at the back. The Hijabs make them look ... more
- Phil of Springwood on Buying Votes Last time the Pensioners and Afflicted, the Carers and Veterans received an increase from this Labour Government, the ... more
- Lynda on Flying Foxes and little girls Why is it that we import all this "trouble"? Once again the perpetrator has an Islander name....They are all here causing ... more
- p on Keeping the Greenies on the leash if you can't read marine map ,which do show the green zones, you should'nt be there in the first place. and if a bloke can't ... more
- Gayle Lambert on Keeping the Greenies on the leash I cannot believe the story of Barry. If the Authorities are prevented from disclosing a spent conviction then Queensland ... more
- Darryl on Separation of Powers The Bliar Government thinks that the Doctrine of Seperation of powers means they have seperate laws that relate to them and ... more
- Darryl on Flying Foxes and little girls Not until one of these magistrates or politicians families are personally affected will scum like Fetalaiga ever see a ... more
- Liberator on Flying Foxes and little girls In the eyes of Sandra Kanck, former leaderor the former Democrats, a spider is not more, or less, important than a human ... more
- Brian on Smith Blog - Our Right to Feel Safe Change one word in the sentences . Maximum to MINIMUM I will be there on Wednesday more
- angry on Flying Foxes and little girls This is the SICK and PERVERTED laws you get from FANATICAL greenies. Human being to them are seen as simply PARASITES on the ... more
- Shez on Halal certification It doesn't say it, but those are the guidelines required for something to be labelled Halal or "permissible". :-) more
- angry on Halal certification "Shez", for your edification the word "halal" is NOT mentioned in the Bible ANYWHERE! FAIL! more
- angry on Halal certification "Shez"... Given your rabid and fanatical support for this, please remember that you are free to emmigrate to a muslim ... more
- angry on Flying Foxes and little girls This SO TYPICAL of the Leftist ideology of anna BLIER'S government! She and her government are on the nose and well and ... more
- Ray on Halal certification Halal signifies that a product or object etc is permissible as per Islamic law. Therefore bananas,apples etc are edible ... more
- JohnE on Racists in our midst I amazed to see indians taking over all the 'menial' work (no disrespect to that type of work intended). Every trolley boy ... 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
