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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> Federal Politics >> Paid 50 Times The Average Workers Salary http://www.ozpolitic.com/forum/YaBB.pl?num=1450901147 Message started by Sir Crook on Dec 24^th, 2015 at 6:05am

Title: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 24^th, 2015 at 6:05am

Top executives now paid 50 times average earnings
CWU National Dec 23 2015
Australia’s top executives are now earning, on average, more than 50 times the average working person’s salary, according to a survey by the Australian Financial Review.

And the gap is growing. :(

Over the last financial year, the amount going to the 300 highest execs rose by 5%, despite the ASX 200 only rising by 1.2% over the same period. At the same time, wage growth across the nation as a whole was 2.3%.

Supporters of these huge differences in rewards argue that executive pay is now determined by the global market, not by local wage structures. But that is just another way of saying that growing earnings inequality is now a world-wide problem, not only an Australian one. :(

In the US in 2013, for instance, the average executive earned 313 times as much as the average worker, according to the US peak union organisation, the AFL-CIO.

And in the UK chief executives of blue-chip companies enjoyed a median pay rise of 32% last year, compared with a 7% rise in the stock exchange and a 2% increase in workers' pay.

These figures point to a global trend that is seeing not only wages but productive investment (and hence job growth) stagnate while corporations and their executives find new ways to enrich themselves – through share buybacks, share options and generous retirement benefits. :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Mechanic on Dec 24^th, 2015 at 6:09am

pigs at the trough...

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:19am

It is the very same people driving the removal of penalty rates for the lowest income earners.

You can not objectively look at the upper echelon of business and not conclude that they are by and large a bunch of selfish greedy hypercritical grubs

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 24^th, 2015 at 6:24am

Income Envy can be fun to watch. At my peak I earned $190K. Hubby is paid close to $300K currently as a Principal Engineer.

I wonder how these good salaries came about? Could it be multiple degrees, hard work, risk, additional study and... ability?

I wonder how many of you know anything about any of the above.

Envy-650_002.jpg (81 KB | 39 )

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Mechanic on Dec 24^th, 2015 at 6:32am

Dnarever wrote on Dec 24^th, 2015 at 6:19am:

what absolute rot

how many of these super rich executives do you think own a café on the corner?

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Mechanic on Dec 24^th, 2015 at 6:33am

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

delusions of grandeur comes to mind ::)

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Bobby on Dec 24^th, 2015 at 6:33am

Quote:

At my peak I earned $190K. Hubby is paid close to $300K

All Longy/Maria lies.

Give up Longy -

get that silly dress & lippy off & put on some decent trousers.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:38am

President Elect, The Mechanic wrote on Dec 24^th, 2015 at 6:32am:

Dnarever wrote on Dec 24^th, 2015 at 6:19am:

what absolute rot

how many of these super rich executives do you think own a café on the corner?

Who said that they do and why is that relivant ?

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 6:43am

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:43am

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

I wonder how these good salaries came about? Could it be multiple degrees, hard work, risk, additional study and... ability?

And maybe none of those things as if it is relevant either way.

Hubby is paid close to $300K currently as a Principal Engineer.

That is around the going rate but a long way from the numbers we are talking about here.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:46am

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

The article clearly shows that these guys achieved less than they cost ?

This is almost always the case, they typically do not achieve value outcomes - ever for the vast majority of them.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:49am

President Elect, The Mechanic wrote on Dec 24^th, 2015 at 6:32am:

Dnarever wrote on Dec 24^th, 2015 at 6:19am:

what absolute rot

how many of these super rich executives do you think own a café on the corner?

They would probably break the quote too.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 24^th, 2015 at 6:52am

Always love the use of "super rich execs".

A one size fits all grouping for the politics of envy!

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:53am

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 7:04am

if Adam Goodes gets a million a year, thats probably 50 x what a player in the VFL gets.

no complaints here.

the market is the market is the market.

its the only game in town.

improve improve improve.

find one of these executives, save up and take him out for a 500 dollar meal and ask him how he did it. ;)

Title: Re: Paid 50 Times The Average Workers Salary
Post by miketrees on Dec 24^th, 2015 at 7:08am

Perhaps its time to resurrect ACTU Solo

Maybe Easter would be a better time.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 24^th, 2015 at 7:17am

The fruit and vegetable market is good too. The one next to the trade union office. :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 7:19am

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

$500 to learn about his family tree would be a waste of money.

Paid 50 Times The Average Workers Salary

In the case of these payments there is no market relationship, in fact it is more a case of circumventing the market.

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 7:24am

Dnarever wrote on Dec 24^th, 2015 at 7:19am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

$500 to learn about his family tree would be a waste of money.

In the case of these payments it has no market relationship, in fact it is more a case of circumventing the market.

Family trees can be important.
your family are your legacy.
I do LOL when i hear people talking about "spending the kids inheritance"
How pitiful
A case of inter generational theft FROM YOUR OWN GENES.

i will be amassing assets and establishing the aquascoot dynasty til i drop dead at 90 whilst at the wheel of my tractor or on the phone to my stockbroker .

And i want Tony Robbins inspirational CD's played at my funeral.

Nothing would make me prouder then to have a child ascend the ladder to a position of a CEO on 50 x the average wage.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 8:53am

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 24^th, 2015 at 9:06am

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Employees do their 8 and some put in a decent days work, some do not, some have a bit of responsibility based on their immediate area of control, but that is about it.

This is nothing compared to a company boss, to claim otherwise is ludicrous.

If you had a job any higher than entry level you would know that.

Bosses get paid more because they are responsible for more, a friggen lot more.

So calm you tits, and those of you have jobs, try to do it professionally, you get paid what you are worth.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Honky on Dec 24^th, 2015 at 9:12am

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

I'm sure many deadbeats work hard, they just don't work smart. If one works very hard upfront and sets themself up, they can avoid breaking their back at the foundry at minimum wage for the rest of their lives.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 9:17am

BigOl64 wrote on Dec 24^th, 2015 at 9:06am:

you're deluded .... seriously. You think a CEO does 50 times the work of any of his workers?

I'm not saying they shouldn't get more, but the differences are ridiculous.

As for your dumb comment about my job, you haven't a friggen clue so you'd best stop making an ass of yourself as often as you do.

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 9:20am

John Smith wrote on Dec 24^th, 2015 at 9:17am:

BigOl64 wrote on Dec 24^th, 2015 at 9:06am:

if you work hard at your job , you'll make a living
if you work hard on yourself, you'll make a fortune

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 9:21am

... wrote on Dec 24^th, 2015 at 9:12am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Not everyone is cut out for the corporate world. That doesn't mean the work they do is any less valuable. Don't forget, most of these CEO's don't actually do the real work, they delegate the work to subordinates and make the choices from options presented to them, then take the credit or blame when things work out or don't.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 9:21am

aquascoot wrote on Dec 24^th, 2015 at 9:20am:

John Smith wrote on Dec 24^th, 2015 at 9:17am:

BigOl64 wrote on Dec 24^th, 2015 at 9:06am:

if you work hard at your job , you'll make a living
if you work hard on yourself, you'll make a fortune

bugger off with your horse psychology ...

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 9:38am

John Smith wrote on Dec 24^th, 2015 at 9:21am:

aquascoot wrote on Dec 24^th, 2015 at 9:20am:

John Smith wrote on Dec 24^th, 2015 at 9:17am:

BigOl64 wrote on Dec 24^th, 2015 at 9:06am:

if you work hard at your job , you'll make a living
if you work hard on yourself, you'll make a fortune

bugger off with your horse psychology ...

you shall not deter me John Smith

successful people are very persistent

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 9:39am

aquascoot wrote on Dec 24^th, 2015 at 9:38am:

successful people are very persistent

I was talking about you, not them.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Kytro on Dec 24^th, 2015 at 9:41am

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Honky on Dec 24^th, 2015 at 9:46am

Absolutely. If there is one thing you can count on (and cash in on) it's the stupidity of consumers.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 24^th, 2015 at 9:56am

John Smith wrote on Dec 24^th, 2015 at 9:21am:

... wrote on Dec 24^th, 2015 at 9:12am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Corporate world isn't that difficult.
You just need to be able to move quick and ensure the right people see what you do.

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 24^th, 2015 at 10:05am

John Smith wrote on Dec 24^th, 2015 at 9:17am:

BigOl64 wrote on Dec 24^th, 2015 at 9:06am:

Is english not your first language?

I said they have vastly more responsibility , I did NOT say they did 50 times the work of their employees you fool.

Fkkk, your stupidity is boundless.

Id say by your inability to comprehend basic english you're pretty much unemployable you dolt.

Title: Re: Paid 50 Times The Average Workers Salary
Post by aquascoot on Dec 24^th, 2015 at 10:06am

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

That is not the point kyrto.
the point is that the market is "reality"

soil, rain, seed ....this is the farmers reality.

would it do any good to curse the soil, curse the rain, curse the seed.

Thats all you've got!!.

Dont curse all you've got.

the miracle has been set up for you.

all you need to do is be active and plant the seed.
imagine if you had to work out how to produce a piece of corn.
that would keep you up late at night.
but you dont.
you just have to plant the seed.

and the market is the same.

you just have to be an active participant .
dont curse it.

this stuff is too easy
getting rich is too easy.
you live in australia.
you dont have to change countries !!

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 24^th, 2015 at 10:11am

Dnarever wrote on Dec 24^th, 2015 at 6:53am:

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Claiming it is 'unjustified' without evidence is exactly what makes it 'envy'.

Did that not occur to you?

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 24^th, 2015 at 10:19am

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Based on what I see here.... no. But seriously. did you not miss the OTHER qualities?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Kytro on Dec 24^th, 2015 at 10:20am

aquascoot wrote on Dec 24^th, 2015 at 10:06am:

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

I have no desire to be the sort of person I'd need to be to get a job like that, but that doesn't upset me either.

If I were a shareholder, that would be a different matter. Then I would be pissed.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 24^th, 2015 at 10:22am

Kytro wrote on Dec 24^th, 2015 at 10:20am:

aquascoot wrote on Dec 24^th, 2015 at 10:06am:

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

I have no desire to be the sort of person I'd need to be to get a job like that, but that doesn't upset me either.

If I were a shareholder, that would be a different matter. Then I would be pissed.

If the company you invested in hired a CEO on $10M a year but brought in an additional $1B in profits would you be pleased or not?

We both know the answer to that.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Kytro on Dec 24^th, 2015 at 10:36am

mariacostel wrote on Dec 24^th, 2015 at 10:22am:

Kytro wrote on Dec 24^th, 2015 at 10:20am:

aquascoot wrote on Dec 24^th, 2015 at 10:06am:

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

I have no desire to be the sort of person I'd need to be to get a job like that, but that doesn't upset me either.

If I were a shareholder, that would be a different matter. Then I would be pissed.

If the company you invested in hired a CEO on $10M a year but brought in an additional $1B in profits would you be pleased or not?

We both know the answer to that.

Yes, and guess what. That isn't what happens.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 24^th, 2015 at 11:03am

Kytro wrote on Dec 24^th, 2015 at 10:36am:

mariacostel wrote on Dec 24^th, 2015 at 10:22am:

Kytro wrote on Dec 24^th, 2015 at 10:20am:

aquascoot wrote on Dec 24^th, 2015 at 10:06am:

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

I have no desire to be the sort of person I'd need to be to get a job like that, but that doesn't upset me either.

If I were a shareholder, that would be a different matter. Then I would be pissed.

If the company you invested in hired a CEO on $10M a year but brought in an additional $1B in profits would you be pleased or not?

We both know the answer to that.

Yes, and guess what. That isn't what happens.

Not the point. Plus it only talks about the poor performers and not the good ones. it is all about WORTH.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 11:10am

mariacostel wrote on Dec 24^th, 2015 at 10:11am:

Dnarever wrote on Dec 24^th, 2015 at 6:53am:

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Claiming it is 'unjustified' without evidence is exactly what makes it 'envy'.

Did that not occur to you?

The article included the indication of substandard results on performance resulting in significant wage increases.

I would think that to label huge wage increases as a result of poor performance and poor results as unjustified would be fair enough.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Kiron22 on Dec 24^th, 2015 at 11:11am

Andrei.Hicks wrote on Dec 24^th, 2015 at 9:56am:

John Smith wrote on Dec 24^th, 2015 at 9:21am:

... wrote on Dec 24^th, 2015 at 9:12am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Corporate world isn't that difficult.
You just need to be able to move quick and ensure the right people see what you do.

Pretty much, one of my best friends in 2-3 years moved very quickly up the corporate ladder from starting at the bottom not because of his ability (he even admits this), but because he made friends with the right people and went to the right coke and hooker parties (srsly these things actually exist outside movies).

Nomenklatura is very alive outside of Stalinist countries and it exists largely within corporate structures.

It's why I argue that Cooperative form of corporate structure is likely to be much more viable because those at the top actually have to preform based on skill and the information flow through the company structure is much more flat which allows better decisions to be made.

How many companies have you all be a part of where the management and top just don't have a smacking clue and ignore the workers experiences? This simply is not an issue in Cooperatives.

Right wingers should support Cooperatives as well if they actually believe in decentralization, individualism and democracy. Why should corporate structures be basically little bureaucratic fiefdoms?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Maqqa on Dec 24^th, 2015 at 11:59am

Dnarever wrote on Dec 24^th, 2015 at 11:10am:

mariacostel wrote on Dec 24^th, 2015 at 10:11am:

Dnarever wrote on Dec 24^th, 2015 at 6:53am:

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Claiming it is 'unjustified' without evidence is exactly what makes it 'envy'.

Did that not occur to you?

Do you even know what koi's they were given?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 12:41pm

Maqqa wrote on Dec 24^th, 2015 at 11:59am:

Dnarever wrote on Dec 24^th, 2015 at 11:10am:

mariacostel wrote on Dec 24^th, 2015 at 10:11am:

Dnarever wrote on Dec 24^th, 2015 at 6:53am:

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Claiming it is 'unjustified' without evidence is exactly what makes it 'envy'.

Did that not occur to you?

Do you even know what koi's they were given?

Do you mean KPI's or are we talking Asian food or possibly about fish ?

https://www.youtube.com/watch?v=SyoSKT4EpNQ

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 12:44pm

Maqqa wrote on Dec 24^th, 2015 at 11:59am:

Dnarever wrote on Dec 24^th, 2015 at 11:10am:

mariacostel wrote on Dec 24^th, 2015 at 10:11am:

Dnarever wrote on Dec 24^th, 2015 at 6:53am:

Paid 50 Times The Average Workers Salary

Pointing out that this is unjustifiable has nothing to do with envy.

Claiming it is 'unjustified' without evidence is exactly what makes it 'envy'.

Did that not occur to you?

Do you even know what koi's they were given?

I would guess they did not set out to produce almost no return for the year.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Kytro on Dec 24^th, 2015 at 3:10pm

mariacostel wrote on Dec 24^th, 2015 at 11:03am:

Kytro wrote on Dec 24^th, 2015 at 10:36am:

mariacostel wrote on Dec 24^th, 2015 at 10:22am:

Kytro wrote on Dec 24^th, 2015 at 10:20am:

aquascoot wrote on Dec 24^th, 2015 at 10:06am:

Kytro wrote on Dec 24^th, 2015 at 9:41am:

aquascoot wrote on Dec 24^th, 2015 at 7:04am:

The market is also very, very stupid sometimes.

I have no desire to be the sort of person I'd need to be to get a job like that, but that doesn't upset me either.

If I were a shareholder, that would be a different matter. Then I would be pissed.

If the company you invested in hired a CEO on $10M a year but brought in an additional $1B in profits would you be pleased or not?

We both know the answer to that.

Yes, and guess what. That isn't what happens.

Not the point. Plus it only talks about the poor performers and not the good ones. it is all about WORTH.

That's exactly the point though. Paying more does not provide better results. So as a shareholder I would be annoyed with money being wasted on underperformers on the premise that they are worth that much.

There is too much cronyism in corporate culture, where boards have members and CEO based on connection, not proven ability. How do CEOs continue to get jobs when they preside over the decline of organisations greater than the industry norm at the time.

People think corporations act rationally, but they don't

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 3:36pm

BigOl64 wrote on Dec 24^th, 2015 at 10:05am:

yeah yeah ...you're a genius ... pity you haven't a clue about the real world.

Tell me dopey, when a CEO loses the company millions and gets a bonus pay, is that because of his responsibilities too? or is it because he decides the boards pay and the board decides his pay? :D :D :D

Most corporate pay has nothing whatsoever to do with the CEO's responsibility, abilities or the amount of work they can do. It's all about board room politics. You approve my pay, I approve yours. Meanwhile screw the staff and the shareholders. :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 3:37pm

Andrei.Hicks wrote on Dec 24^th, 2015 at 9:56am:

John Smith wrote on Dec 24^th, 2015 at 9:21am:

... wrote on Dec 24^th, 2015 at 9:12am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Corporate world isn't that difficult.
You just need to be able to move quick and ensure the right people see what you do.

neither is driving a car but not everyone should be allowed to drive. Your point?

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 3:38pm

mariacostel wrote on Dec 24^th, 2015 at 10:19am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Based on what I see here.... no. But seriously. did you not miss the OTHER qualities?

so everyone that works hard, studies, has a couple of degrees and takes some risk is a ceo? :D :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 24^th, 2015 at 5:01pm

John Smith wrote on Dec 24^th, 2015 at 3:36pm:

BigOl64 wrote on Dec 24^th, 2015 at 10:05am:

Well someone took a big leap into moronville to come to a conclusion to even on the vast horizon.

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 24^th, 2015 at 5:06pm

John Smith wrote on Dec 24^th, 2015 at 3:38pm:

mariacostel wrote on Dec 24^th, 2015 at 10:19am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Based on what I see here.... no. But seriously. did you not miss the OTHER qualities?

so everyone that works hard, studies, has a couple of degrees and takes some risk is a ceo? :D :D :D

You are greens-win / pansi / bobby level of stupid aren't you?

This is a level of comprehension expected from primary school children in QLD, why does it confound you so?

All CEOs work hard and have degrees, not all people who have degrees and work hard are CEOs you dolt!

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 5:11pm

BigOl64 wrote on Dec 24^th, 2015 at 5:06pm:

You are greens-win / pansi / bobby level of stupid aren't you?

no? why? are you looking for a new goal to work up to?

This is a level of comprehension expected from primary school children in QLD, why does it confound you so?

who says it confounds me? ... Maria made the comment not me, I'm seeking clarification

All CEOs work hard and have degrees,

;D ;D ;D ;D yeah ... and santa is really going to come down your chimney

not all people who have degrees and work hard are CEOs you dolt!

so you agree, it's not about hard work, multiple degrees, ability etc?

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 24^th, 2015 at 5:12pm

BigOl64 wrote on Dec 24^th, 2015 at 5:01pm:

John Smith wrote on Dec 24^th, 2015 at 3:36pm:

BigOl64 wrote on Dec 24^th, 2015 at 10:05am:

Well someone took a big leap into moronville to come to a conclusion to even on the vast horizon.

sorry, I don't speak more on ... can you possibly translate that so that it makes sense?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Setanta on Dec 24^th, 2015 at 5:20pm

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 6:04pm

Even the best CEO's would not be worth 50X the average.

It has gone way too far, we hear talk about the pendulum swinging too far in one direction - this is what it actually means.

Good CEO's should be very well paid but 50 X is ridiculous.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 24^th, 2015 at 6:34pm

Australia’s CEOs earn more than they admit :(
Sep 3, 2015

The New Daily

We knew CEOs can earn tens of millions a year. But it turns out some are earning even more than they let on.

BHP Billiton boss Andrew Mackenzie earned twice as much as reported.

The 10 highest-paid CEOs of Australia’s biggest 100 companies collectively earned a massive $171 million in 2014.

That’s equivalent to the combined earnings of 2137 Australians on the average income of $80,000. But you wouldn’t get that figure by reading the companies’ annual reports. :(

• Hospital CEO’s $30m pay cheque ‘appalling’
• Myer’s profits take a massive hit
• Woolworths profits takes a battering
• 7-eleven has been ‘underpaying wages for years’

According to research by Australian Council of Superannuation Investors, many ASX-listed companies under-report the amount they pay their CEOs. :(

Based on the companies’ own statutory reporting, the top 10 CEOs’ earnings totalled $99.63 million in 2014. But when you include other, less obvious forms of remuneration, ACSI said the total value of remuneration jumped to $171.4 million. (And only one was a woman, and she has since been replaced by a man.)

Some of our CEOs can afford even more of these chaps than we thought.

Taking into account these additional elements, the highest-paid Australian chief executive in 2014 was Ramsay Health Care’s Chris Rex, who ACSI said earned a staggering $30.8 million.

That was more than three times the figure reported – $9.1 million.

Number two on the list were brothers Peter and Steven Lowy, joint CEOs of Westfield and son of the shopping centre chain’s chair Frank Lowy. Together they took home $24.5 million, which was $2 million more than reported.

The top 10 companies included health care, banks, mining companies, insurance companies and real estate firms.

One of the worst under-reporters was SEEK, whose CEO Andrew Bassat earned more than four times as much as the reported figure of $4.2 million.

James Hardie’s CEO earned almost twice as much as reported – $20.8 million – while Colin Goldschmidt of Sonic Healthcare earned $13.4 million, not the $3.8 million reported.

“These figures suggest that the existing requirements for reporting executive pay may significantly understate the rewards received in a given year. Statutory reporting is, perhaps, disclosing only the tip of the iceberg in terms of the wealth accruing to senior executives,” said ACSI chief executive Louise Davidson.

Click the owl to see the former Telstra CEO’s views on his extreme pay: “indefensible”

“While the packaging and disclosure of CEO pay has undoubtedly become more disciplined in recent years, thanks to legislation like ‘two strikes’ and termination pay – as well as challenging scrutiny from ACSI and others – company investors and owners cannot afford to lose sight of the quantum of reward being delivered.” :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 7:10pm

No surprise that they are dishonest and try to hide their real income.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 24^th, 2015 at 7:31pm

What was it that some people said about the weekend penalty rates again???. :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 8:15pm

wrote on Dec 24^th, 2015 at 7:31pm:

What was it that some people said about the weekend penalty rates again???. :(

The reality is that it is these guys earning 50X that are driving the penalty rates debate and spend a very significant amount of their effort ensuring that employee wages are kept as low as possible.

Title: Re: Paid 50 Times The Average Workers Salary
Post by stunspore on Dec 24^th, 2015 at 8:16pm

Must be the politics of envy when the lowest paid gets penalty rates....

If these guys earn less, they pay less tax (both direct and indirect taxes).

Title: Re: Paid 50 Times The Average Workers Salary
Post by stunspore on Dec 24^th, 2015 at 8:17pm

They might also be pushed under the threshold in which they then receive government assistance...

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 24^th, 2015 at 10:09pm

stunspore wrote on Dec 24^th, 2015 at 8:17pm:

They might also be pushed under the threshold in which they then receive government assistance...

Business groups have actually made that argument - they have pushed to allow wages that low that full time employees could qualify for welfare assistance.

It is actually genuinely on the wish list.

Title: Re: Paid 50 Times The Average Workers Salary
Post by longweekend58 on Dec 25^th, 2015 at 2:36pm

BigOl64 wrote on Dec 24^th, 2015 at 5:06pm:

John Smith wrote on Dec 24^th, 2015 at 3:38pm:

mariacostel wrote on Dec 24^th, 2015 at 10:19am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Based on what I see here.... no. But seriously. did you not miss the OTHER qualities?

so everyone that works hard, studies, has a couple of degrees and takes some risk is a ceo? :D :D :D

it is always awesome to return and find that john smith would still fail a comprehension test on a Dick and Dora first reader.

Title: Re: Paid 50 Times The Average Workers Salary
Post by longweekend58 on Dec 25^th, 2015 at 2:37pm

envy... thy name is left-winger.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 25^th, 2015 at 2:50pm

longweekend58 wrote on Dec 25^th, 2015 at 2:36pm:

it is always awesome to return and find that john smith would still fail a comprehension test on a Dick and Dora first reader.

longstupidone, you're back? what's the matter you couldn't fit your skirt over your santa suit?

It's always awesome when you come back and make an ass of yourself again

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 25^th, 2015 at 2:51pm

longweekend58 wrote on Dec 25^th, 2015 at 2:37pm:

envy... thy name is left-winger.

that must explain why the rightards keep wanting to cut penalty rates :D :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 27^th, 2015 at 1:59pm

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

what sort of engineering ?

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 27^th, 2015 at 2:03pm

longweekend58 wrote on Dec 25^th, 2015 at 2:36pm:

BigOl64 wrote on Dec 24^th, 2015 at 5:06pm:

John Smith wrote on Dec 24^th, 2015 at 3:38pm:

mariacostel wrote on Dec 24^th, 2015 at 10:19am:

John Smith wrote on Dec 24^th, 2015 at 8:53am:

mariacostel wrote on Dec 24^th, 2015 at 6:24am:

Could it be multiple degrees, hard work, risk, additional study and... ability?

you must be seriously deluded. You think others don't work hard?

Based on what I see here.... no. But seriously. did you not miss the OTHER qualities?

so everyone that works hard, studies, has a couple of degrees and takes some risk is a ceo? :D :D :D

it is always awesome to return and find that john smith would still fail a comprehension test on a Dick and Dora first reader.

This might explain the situation

full_retard_1.jpg (48 KB | 31 )

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 27^th, 2015 at 2:03pm

longweekend58 wrote on Dec 25^th, 2015 at 2:37pm:

envy... thy name is left-winger.

I am very envious of energy CEO's here who earn millions because they steal renewable energy from the people who risk their money to install these rooftop PV systems :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 27^th, 2015 at 2:06pm

ohh looky ... bigol and longie playing chess ..... funny, I thought they were both bird brains

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 27^th, 2015 at 3:42pm

longweekend58 wrote on Dec 25^th, 2015 at 2:37pm:

envy... thy name is left-winger.

It's not compulsory for you to repeat everything that Maria had said, we get the idea.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 27^th, 2015 at 3:47pm

BigOl64 wrote on Dec 27^th, 2015 at 2:03pm:

This might explain the situation

I hadn't realised what a regal looking Blue Bar you were Big.

Title: Re: Paid 50 Times The Average Workers Salary
Post by BigOl64 on Dec 27^th, 2015 at 3:52pm

John Smith wrote on Dec 27^th, 2015 at 2:06pm:

ohh looky ... bigol and longie playing chess ..... funny, I thought they were both bird brains

You're a genius.

4339581-i-see-what-you-did-there-funny-tobey-maguire-meme_001.jpg (22 KB | 20 )

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 27^th, 2015 at 7:31pm

BigOl64 wrote on Dec 27^th, 2015 at 3:52pm:

John Smith wrote on Dec 27^th, 2015 at 2:06pm:

ohh looky ... bigol and longie playing chess ..... funny, I thought they were both bird brains

You're a genius.

thankyou ... although I don't usually refer to myself as a genius. You on the other hand have admitted to being a retard. ;D ;D

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 27^th, 2015 at 7:58pm

Never understood the whole income envy thing.
Why worry about what others earn?

In my payroll cost centres I've had guys on $400,000 base with another $300,000 earned in bonuses.

Do I sit there and get envious over it?

You just need to get on with what you have and spend on your lifestyle on your earnings.

Life really ain't that bad folks.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 27^th, 2015 at 8:25pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 7:58pm:

you seem to associate observation with envy ... do you do that all the time or only when the topic is about high income earners?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 27^th, 2015 at 8:28pm

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Setanta on Dec 27^th, 2015 at 9:04pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Swagman on Dec 27^th, 2015 at 9:44pm

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Setanta on Dec 27^th, 2015 at 9:56pm

Swagman wrote on Dec 27^th, 2015 at 9:44pm:

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

Because it's not fair! ;D

Why is not a valid position? People earning 10 mil that are no more special than those earning 25k. Why is not ok to give an opposing player a Hopoate? Surely winning is what matters.

As I said a few pages back:

Setanta wrote on Dec 24^th, 2015 at 5:20pm:

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 27^th, 2015 at 10:16pm

People earn $25k for a reason.
Why do I (not wanting to pick out anyone else) for example earn over 10x that?

Luck? Work harder?

No. Neither. It market demand. The $25k people have a lower skill set to offer. Whose fault is that?
Often the guy in the mirror.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 27^th, 2015 at 10:21pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

You keep telling yourself that.

What's not fair is these same people have no trouble giving themselves multi million dollar pay rises, but cry poor every time someone on 30k a year asks for an extra $500 :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 27^th, 2015 at 10:23pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 7:58pm:

Nothing to do with envy.

The problem is that a lot of these overpaid MBA dickheads and wordsmiths are destroying and trashing companies whilst being rewarded for it. I've seen this time and time again where they put a f.ckwitt in charge of a hitech company who knows f.ckall about the underlying products and industry. It would never be allowed in Germany except for VW :D LOL

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 27^th, 2015 at 10:23pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 10:16pm:

Why do I (not wanting to pick out anyone else) for example earn over 10x that?

you had the right connections when you started which enabled you to make more connections until you got to where you are now.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Setanta on Dec 27^th, 2015 at 10:35pm

Andrei.Hicks wrote on Dec 27^th, 2015 at 10:16pm:

Perhaps Andrei in many cases but some do not seek mamon to fulfil themselves. Enough is enough. This does not impute laziness or lack of ability. That some people's abilities earn them 10mil does not mean they are really worth it. You know how the game is played, cross boarding, look after your mates. There should be a reasonable limit to what they earn, every one of them can be easily replaced and things would be fine. They are not overly special and there are many able to take their place.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 27^th, 2015 at 11:48pm

John Smith wrote on Dec 27^th, 2015 at 10:21pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Nobody gives themselves a pay rise.
CEO pay is reviewed and adjusted by a remuneration committee chaired by an independent non exec director and upon which none of the executive directors paid by the corporation are permitted to sit.
In fact they are not even permitted to see the remuneration committee notes.

The decision is then put to the CEOs employers, the company shareholders.

Some of you would do well to brush up on your corporate regulatory ethics standards before bandying around the type of propaganda sold to the everyday non informed populace.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Setanta on Dec 28^th, 2015 at 12:03am

Andrei.Hicks wrote on Dec 27^th, 2015 at 11:48pm:

John Smith wrote on Dec 27^th, 2015 at 10:21pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Well by your own admission, "someone" gives them a pay rise. Company boards are incestuous.

https://en.wikipedia.org/wiki/Interlocking_directorate
http://www.blouinartinfo.com/news/story/799534/investors-slam-sothebys-corporate-board-for-incestuous-governance-calling-for-a-shake-up

Quote:

According to some observers (John Asimakopoulos), interlocks allow for cohesion, coordinated action, and unified political-economic power of corporate executives.[3] They allow corporations to increase their influence by exerting power as a group, and to work together towards common goals.[4] They help corporate executives maintain an advantage, and gain more power over workers and consumers, by reducing intra-class competition and increasing cooperation.[2][5] In the words of Scott R. Bowman, interlocks "facilitate a community of interest among the elite of the corporate world that supplants the competitive and socially divisive ethos of an earlier stage of capitalism with an ethic of cooperation and a sense of shared values and goals."[6]

Edit: "facilitate a community of interest among the elite of the corporate world that supplants the competitive and socially divisive ethos of an earlier stage of capitalism with an ethic of cooperation and a sense of shared values and goals". Interesting.

Title: Re: Paid 50 Times The Average Workers Salary
Post by ian on Dec 28^th, 2015 at 12:13am

Andrei.Hicks wrote on Dec 27^th, 2015 at 11:48pm:

John Smith wrote on Dec 27^th, 2015 at 10:21pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Nobody gives themselves a pay rise.
.

ha ha! You nearly got me there you manipulative little bugger.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 10:15am

Andrei.Hicks wrote on Dec 27^th, 2015 at 11:48pm:

John Smith wrote on Dec 27^th, 2015 at 10:21pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

And how long was the voting by shareholders on executive pay ignored ? The crook at the top would just give himself a payrise regardless of advice from shareholders :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 28^th, 2015 at 10:22am

As I said the CEO salary is decided by a Remuneration Committee upon which the CEO cannot sit and is chaired by the Independent Non-Exec Director.

So no them "deciding their own pay" is totally bollocks.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 28^th, 2015 at 10:43am

These CEO guys with their out of this world money. They should have no right to complain about low income workers penalty rates. Not now or later. :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 10:47am

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 10:48am

wrote on Dec 28^th, 2015 at 10:43am:

These CEO guys with their out of this world money. They should have no right to complain about low income workers penalty rates. Not now or later. :(

The reason they complain is the more they can steal from the lowly payed workers is the more they can increase their own pay packets :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 28^th, 2015 at 10:51am

One shoud not forget bonus time also. But we wont mention that will we?. :(

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 10:55am

This is a timely reminder to Hicks about the 60 minutes episode that was again repeated last night regarding the Korean Ship Building yard that only pays it's manager who oversees 20,000 workers, 4 times the average workers wage. None of his 20 million a year rubbish :(

Rorting the system has got nothing to do with envy !!

http://sixtyminutes.ninemsn.com.au/stories/richardcarleton/259329/ship-ahoy

Quote:

RICHARD CARLETON: By now, you're probably thinking that Korea can do all this because they pay their staff peanuts. Well, that's what I thought and I was wrong, too. True, they work a 44-hour week. But they are very well-paid. I asked a manager at Daewoo just how much the average shipyard worker earns in a year.

DAEWOO MANAGER: US$50,000 for labour.

RICHARD CARLETON: US$50,000 for a labourer?

DAEWOO MANAGER: Yes. That's average.

RICHARD CARLETON: That's almost A$70,000 for a shipyard worker?

DAEWOO MANAGER: Yes.

RICHARD CARLETON: That's very high.

DAEWOO MANAGER: Yes, I think so.

RICHARD CARLETON: Now considering $40,000 or $50,000 is a good salary in Australia, Korea can hardly be called a low-wage country. The Koreans I spoke to were rightly proud of all this and more than happy to talk about it. But they were a little uncomfortable discussing just one thing — the boss's salary. So I asked Peter Bartholomew. If the average welder is getting $70,000, what is the boss getting — the man with 20,000 employees?

PETER BARTHOLOMEW: Maybe three times that, four times that, but not much more than that, frankly speaking.

RICHARD CARLETON: No $20 million?

PETER BARTHOLOMEW: No, not even $1 million, thank you. The money they make goes back to making more money. It goes, really, back into the core of the shipyard.

RICHARD CARLETON: That's sort of perfect capitalism in the theory, isn't it?

PETER BARTHOLOMEW: I don't know if it's perfect but it sure works.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir Crook on Dec 28^th, 2015 at 11:01am

Well said Sir lastnail, the case for weekend and public holiday penalty rates is sound. [smiley=thumbsup.gif]

Title: Re: Paid 50 Times The Average Workers Salary
Post by Andrei.Hicks on Dec 28^th, 2015 at 11:41am

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Grappler on Dec 28^th, 2015 at 12:00pm

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

Yeah - but they get their pay on the kickback trail in paper bags and inside information into turning a few dollars here and there or access to shares .... business opportunities they're called... you don't seriously think they do it for nothing, do you?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 28^th, 2015 at 12:44pm

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

They are paid a fee which can and often is increased over time. Different wording for the same thing. They can do very nicely.

Title: Re: Paid 50 Times The Average Workers Salary
Post by progressiveslol on Dec 28^th, 2015 at 2:38pm

All the government have to do is force the lowest paid workers at x% of top 1% of earners and their fringe benefits/bonus' in the company. That or something close, will make them think how much 1 person is worth.

Title: Re: Paid 50 Times The Average Workers Salary
Post by 21st Century Dialup Network on Dec 28^th, 2015 at 3:32pm

Are CEO's really worth 50-100 times the average worker?

I have to question whether they are, although I do know that if you lower employees wages it hurts the economy.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 28^th, 2015 at 4:09pm

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

As I said the CEO salary is decided by a Remuneration Committee upon which the CEO cannot sit and is chaired by the Independent Non-Exec Director.

and then once they decide on his pay rise, the CEO gets to decide on the remuneration committee's pay :D :D :D :D :D :D

it can't possibly be rigged when its set up like that now can it? :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 28^th, 2015 at 4:11pm

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

who accepts their quote and appoints them ?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 28^th, 2015 at 4:31pm

John Smith wrote on Dec 28^th, 2015 at 4:11pm:

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

who accepts their quote and appoints them ?

They don't typically quote.

It will be something like a Base rate say $80K

Plus an amount if they are chairman say $ 70K Plus an allowance to attend meetings varies dependant on location Plus a rate for the meetings plus an amount for sub committees additional work or preparation time etc.

And then the chairman is possibly a non exec on a board where the non exec is the CEO or chairman which is perfect for some back scratching.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 28^th, 2015 at 4:37pm

Quote:

Paid 50 Times The Average Workers Salary

It is actually closer to 70 X

Amazingly many here support this rubbish pretending there is some justification.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 28^th, 2015 at 5:46pm

Setanta wrote on Dec 27^th, 2015 at 9:56pm:

Swagman wrote on Dec 27^th, 2015 at 9:44pm:

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

Are you that naïve to think that CEO gets to earn $10M without any skills or abilities or experience that the $25K/pa person does no possess? You can think it is overpaid all you like, but don't be so utterly foolish as to think there is no difference between the factory floor and the CEO's office.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 28^th, 2015 at 5:48pm

John Smith wrote on Dec 27^th, 2015 at 10:23pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 10:16pm:

Why do I (not wanting to pick out anyone else) for example earn over 10x that?

you had the right connections when you started which enabled you to make more connections until you got to where you are now.

He also studied and worked hard to get there. You on the other hand...

you post online.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 28^th, 2015 at 5:49pm

wrote on Dec 28^th, 2015 at 10:43am:

These CEO guys with their out of this world money. They should have no right to complain about low income workers penalty rates. Not now or later. :(

Have you ever thought about getting a job? Maybe you could earn so actual money. WHo knows, you might even like it!

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Grappler on Dec 28^th, 2015 at 6:18pm

Wouldn't piss on more than a few of these 'ceo' and 'manager' types after a napalm strike... look at their results to their own companies and to the economy... they need to be leaned down so they can actually see what they are doing over their wallets...

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 28^th, 2015 at 6:47pm

mariacostel wrote on Dec 28^th, 2015 at 5:46pm:

Setanta wrote on Dec 27^th, 2015 at 9:56pm:

Swagman wrote on Dec 27^th, 2015 at 9:44pm:

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

Yes in many cases the factory floor is where all the profit is made and the CEO may literally provide almost no value at all.

Title: Re: Paid 50 Times The Average Workers Salary
Post by mariacostel on Dec 28^th, 2015 at 7:35pm

Quote:

mariacostel wrote Today at 5:46pm:

Setanta wrote Yesterday at 9:56pm:

Swagman wrote Yesterday at 9:44pm:

Setanta wrote Yesterday at 9:04pm:

Andrei.Hicks wrote Yesterday at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

Because it's not fair! Grin

Why is not a valid position? People earning 10 mil that are no more special than those earning 25k. Why is not ok to give an opposing player a Hopoate? Surely winning is what matters.

As I said a few pages back:
Setanta wrote on Dec 24th, 2015 at 5:20pm:

aquascoot wrote on Dec 24th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

Are you that naïve to think that CEO gets to earn $10M without any skills or abilities or experience that the $25K/pa person does no possess? You can think it is overpaid all you like, but don't be so utterly foolish as to think there is no difference between the factory floor and the CEO's office.

Yes in many cases the factory floor is where all the profit is made and the CEO may literally provide almost no value at all.

You just keep on believing that. Let your delusions keep you warm at night while you perhaps one day ask the question of how the factory floor even has a market for the products its builds using equipment and designs not created by those manual workers.

You claim to have once run your own business. It is rather obvious why it didn't work out.

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 7:37pm

mariacostel wrote on Dec 28^th, 2015 at 5:46pm:

Setanta wrote on Dec 27^th, 2015 at 9:56pm:

Swagman wrote on Dec 27^th, 2015 at 9:44pm:

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

So a CEO does 100 times as much work or has 100 times the ability of his lowest paid workers ?

If that is the case then you should be able to replace 100 workers with one CEO and get the same output ? Is this what you are saying ?

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Grappler on Dec 28^th, 2015 at 8:03pm

Sir lastnail wrote on Dec 28^th, 2015 at 7:37pm:

mariacostel wrote on Dec 28^th, 2015 at 5:46pm:

Setanta wrote on Dec 27^th, 2015 at 9:56pm:

Swagman wrote on Dec 27^th, 2015 at 9:44pm:

Setanta wrote on Dec 27^th, 2015 at 9:04pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 8:28pm:

It's envy.
There is this always this "its not fair" undercurrent on discussion of higher income salaries.

Saying it's not fair is not envy. That's why games have umpires. I have no need or wish to earn millions but when you see people without that work their arse off, it's not fair is a valid position.

Why is it a valid position?

aquascoot wrote on Dec 24^th, 2015 at 6:43am:

can a man be worth 50 x what another man is worth....??

Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

There would be very few people in this world that could not be easily replaced, right up to the top. In fact they are all the time. People retire and die, this proves the previous.

What are these 'skills' that CEOs have that Joe Yob doesn't have? The Bob Carr ability to run a meeting? It's not leadership since they have no concept of taking a hit for the side or anything of that kind, or of motivating their people, in the majority of cases, with any other than fear of losing their job.

What ARE these extra arcane skills that a 'ceo' possesses that nobody else does?

I seriously can't wait for the answer. I've worked with some beauties and they have simply no idea what they are doing..... and are incapable of taking advice or of operating on anything much more than 'crisis management' - meaning that if things are too quiet, they're going out to kill someone to create a crisis so they can feel 'validated'.....

Watched 'em bring multi-million dollar profit companies down to losing in two years - one of which I was away....... and never once listened to advice from people who know things...

Brilliant creds there...

Title: Re: Paid 50 Times The Average Workers Salary
Post by Sir lastnail on Dec 28^th, 2015 at 8:29pm

mariacostel wrote on Dec 28^th, 2015 at 5:49pm:

wrote on Dec 28^th, 2015 at 10:43am:

These CEO guys with their out of this world money. They should have no right to complain about low income workers penalty rates. Not now or later. :(

Have you ever thought about getting a job? Maybe you could earn so actual money. WHo knows, you might even like it!

Have you ? Instead of flogging dvds on ebay and passing yourself off as a women how about you get a proper job ?

Title: Re: Paid 50 Times The Average Workers Salary
Post by Dnarever on Dec 28^th, 2015 at 8:30pm

mariacostel wrote on Dec 28^th, 2015 at 7:35pm:

Quote:

question of how the factory floor even has a market for the products its builds using equipment and designs not created by those manual workers.

This may have all been put in place under a different CEO 15 years in the past ? The current CEO may be mainly getting in the way. Many CEO's can be value adding some are useless but they all have long periods of little value.

You claim to have once run your own business. It is rather obvious why it didn't work out

I was not really suited to the type of work 2 different occasion and two different reasons. When I moved back into a corporate role I put a substantial amount of cash in the bank in the process, the company I put in place still runs today with many of the same employees. I hate to think what it would be worth today.

I would not say that it didn't work out exactly, more that I moved on.

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 28^th, 2015 at 11:09pm

mariacostel wrote on Dec 28^th, 2015 at 5:48pm:

John Smith wrote on Dec 27^th, 2015 at 10:23pm:

Andrei.Hicks wrote on Dec 27^th, 2015 at 10:16pm:

Why do I (not wanting to pick out anyone else) for example earn over 10x that?

you had the right connections when you started which enabled you to make more connections until you got to where you are now.

He also studied and worked hard to get there. You on the other hand...

you post online.

still making up crap Maria .... ;D ;D ;D ;D

I'm sure he worked hard maria ... after all, he's not waiting for hubby to bring home the dosh like you are. :D :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by John Smith on Dec 28^th, 2015 at 11:10pm

mariacostel wrote on Dec 28^th, 2015 at 5:49pm:

wrote on Dec 28^th, 2015 at 10:43am:

These CEO guys with their out of this world money. They should have no right to complain about low income workers penalty rates. Not now or later. :(

Have you ever thought about getting a job? Maybe you could earn so actual money. WHo knows, you might even like it!

;D ;D ;D
;D ;D ;D ;D
;D ;D ;D ;D ;D

You've gotta love it ... the unemployed more on telling others to get a job.

:D :D :D :D
:D :D :D :D :D
:D :D :D :D :D :D

Title: Re: Paid 50 Times The Average Workers Salary
Post by ian on Dec 31^st, 2015 at 12:25am

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

I tell you what, youre a funny man. Never laughed so hard in my life. See, this is the sort of humour the Yanks dont get, sarcasm.

Title: Re: Paid 50 Times The Average Workers Salary
Post by The Grappler on Dec 31^st, 2015 at 1:37am

ian wrote on Dec 31^st, 2015 at 12:25am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 11:41am:

Sir lastnail wrote on Dec 28^th, 2015 at 10:47am:

Andrei.Hicks wrote on Dec 28^th, 2015 at 10:22am:

Yeh right. His mates get to vote for him in exchange for a payrise themselves :D LOL

No.
Non Exec Directors do not receive a salary from the company so there is no pay rise for them.

Why don't you guys know anything about ethical corporate governance?

I tell you what, youre a funny man. Never laughed so hard in my life. See, this is the sort of humour the Yanks dont get, sarcasm.

Post of the week.....