Domino’s Pizza boss Don Meij named as Australia’s top-earning chief executive

THIS man is Australia’s highest paid chief executive. His salary is 669 times more than what you’re making.   :(

news.com.au July 17, 2018



AUSTRALIA’S best-paid CEO has made his fortune shilling pizza, it has been revealed.

A new report by the Australian Council of Superannuation Investors (ACSI) named Domino’s Pizza boss Don Meij as the country’s highest-earning CEO, after he took home a whopping $36.84 million last year.

Meanwhile, the Treasury estimates the media Australian wage to be $55,063 — which means Mr Meij earns a salary 669 times that of the average Aussie.



The pizza boss made his dough after he exercised options to acquire shares worth $35.7 million.

He beat out Westfield’s Peter and Steven Lowy, who made a combined $25.9 million in 2017, and Macquarie’s Nicholas Moore, on $25.19 million, for the top spot.

After the news broke, Prime Minister Malcolm Turnbull said the pay packets of our chief executives were “extraordinarily high”.


“As someone who most of his life has worked in businesses that I’ve only owned or been a partner in, I find the amount, the pay rates for people working for a lot of big public-listed companies extraordinarily high,” Mr Turnbull told 3AW radio on Tuesday.

He said Mr Meij’s salary “seems a hell of a lot”.

“They’d have to be very productive,” he added.

The new figures reveal Aussie CEO’s are enjoying the fattest pay packets in 17 years.

ASCI chief executive Louise Davidson told the ABC the results showed CEO’s were out of touch.

“At a time when public trust in business is at a low ebb and wages growth is weak, board decisions to pay large bonuses just for hitting budget targets rather than exceptional performance are especially tone deaf,” Ms Davidson said.

According to the survey, median-realised pay for ASX 100 chief executives rose 12.4 per cent to $4.36 million while bonus payments surged more than 18 per cent.



THIS man is Australia’s highest paid chief executive. His salary is 669 times more than what you’re making.   :(   

Then there are those that want to cut the minimum wage.  Go Figure.   :(

$35.7 million per annum for selling greasy unhealthy pizzas.

This shows where our priorities are.

This is the paretto principal
And it has nothing to do with CEO wages
It is just a laws of nature that applies to all systems

The biggest stars just get bigger and bigger because they attract more mass through gravity
The biggest trees get bigger and bigger because they get all the sunlight and nutrients
The biggest rock stars just sell more and more records because they get all the publicity
The top 10 actors in Hollywood probably make more the bottom 100000
The top 10 authors sell more books then the bottom million
Rodger Federer makes more money from tennis then the bottom million tennis players
The biggest fish just get bigger and bigger because once you get bigger you get stronger and you eat all the little fish
the biggest cities get bigger and bigger because once you are a certain size you have more opportunity so you attract more people some of whom are talented and that spirals up the opportunity
The biggest software companies just get bigger and bigger yes they can scale opportunities
Apple probably sell more iPhones than the bottom thousand phone producers
Google just gets bigger and bigger and destroys all the small search engines
Coles and Woolworths probably make more profit turn the bottom 100000 small corner stores


Sorry to break it to you but this is just how the world is
Nothing to do with capitalism
Nothing to do with ceo's being particularly greedy

Jesus who was one of our best economists
Recognise this 2000 years ago

To those who have more shall be given
From those who have a little even that should be taken

It's a brutal statement and most unchristian
Why did Jesus say that
Because Jesus said that he was the way the truth and the light

And he recognised this fact as the truth
He also said that the poor will be with us always
Another seemingly peculiar statemen

Yet again a reflection of the truth

Several societies have tried to buck this natural law
And construct a utopia
Along the lines of marxism
From each according to his abilities
To each according to his needs

Sounds like a cool utopian idea

And yet within three years of implementing it
People in Soviet Russia
We're carving up babies and selling them at Street stalls to try and stay off starvation

Utopia does not exist
There will always be a CEO who makes millions
The capitalist system creates inequality
But it also creates unbelievable wealth

And no other system we have ever tried creates unbelievable wealth
So just accept the god damn inequality
And realised the capitalism is connecting 50000 people a day to the electricity grid
50000 people a day to running water
the life expectancy of a child born in Africa today is the same as a child born in England 60 years ago
Capitalism is creating progress an unbelievable rate

You have a refrigerator full of food
None of the thousands of generations of your ancestors could ever dream of such a luxury
You probably haven't missed a meal in the last year
That's all thanks to capitalism

The fact that some guy at dominos makes a bit more than you
And you feel resentful of that
Man
To feel that way it's just insane

Go and bow before your refrigerator and weep tears of joy for how extraordinarily lucky you are the capitalism has created this marvelous society for you and then shut the bugger*** up

One got paid ($35million) because the other 35 million people got laid.

It's the ones in the middle that live a balanced life - a bit of love and money.

Sad when seeing 'Families' try to hold onto Power - their 'blood' always flows in the wrong direction. The Privilege of Power is never successfully ruled by 'blood' connection.

Don't tell us is alright that CEOs get this sort of money, then on the other hand say its alright to cut the minimum wage.  Greed incorporated is alive and well.   :(

we do have a thing about high achievers all the same...

I am not saying its right....but it shouldnt be treated like its a crime either......

the yanks fete their high achievers Bill Gates is worshipped.....he spreads his wealth around but I havent seen him refuse it as yet.

whiteknight wrote on Jan 6^th, 2020 at 6:20am:

Don't tell us is alright that CEOs get this sort of money, then on the other hand say its alright to cut the minimum wage.  Greed incorporated is alive and well.   :(

And yet 'poverty' always outbreeds the Rich.
One man gets the money, the other gets the girl.

Two men and two women on an island.
One man takes the other man's woman and has more kids.
The other man becomes a God instead (as he no longer has a 'blood' line to carry his immortality) and slays the man who 'over-populated'. The rich man now rules and island with two women and the children of the man who lived a short life. A Statue of the jilted Man, now Ruler is made and future generations will worship his image although they all genetically look like the man that was never remembered.

That's society in a Capitalist World.
Where the poor over-populate and the rich can only breed white fluffy dogs for kids.

Domino’s facing class action over underpayment claims   
June 25, 2019
Inside Retail

Domino’s Pizza Enterprises is facing a class action from in-store staff and delivery drivers who say they were underpaid over a nearly five-year period.

The class action, which was filed in Federal Court on Monday, is being brought by specialist law firm Phi Finney McDonald and is being funded by Therium Litigation Finance.

According to the claim, over the period from at least June 24, 2013 to January 2018, Domino’s told franchisees to pay delivery drivers and in-store workers under a series of incorrect employment agreements, even though they should have been paid under the Fast Food Industry Award 2010.

The agreements did not include certain entitlements – such as 25 per cent loading for casual workers; additional penalty rates for working after-hours, on weekends and on public holidays; and a laundry allowance to assist with uniform cleaning – and most in-store workers and delivery drivers were underpaid as a result.   :(

“It’s nothing short of a disgrace,” said Josh Cullinan, secretary of the
Retail Fast Food Workers’ Union (RAFFWU), which spearheaded an investigation that uncovered the misconduct detailed in the class action.  :(

“The scale of the Domino’s misconduct is unprecedented, and we believe that tens of thousands of workers were never paid for casual loading, penalty rates, travel costs and laundry allowances,” Cullinan said in a statement released on Tuesday.

The class action alleges that workers are owed the difference between what they received and the amount they should have been paid.

“Delivery drivers and fast-food workers are some of the most vulnerable in Australia,” Cullinan said.

“Domino’s CEO Don Meij took home a multi-million dollar pay packet every year, while drivers and store employees never saw a lot of the money they earned. Some workers are owed tens of thousands of dollars.”

Former Domino’s delivery driver Riley Gall is leading the action on behalf of all other affected employees. Having worked for Domino’s franchisees for two years, he said “it’s only fair” the pizza giant pay workers what they are owed.

Domino’s confirmed on Tuesday that it has been served with a statement of claim and said it plans to defend the proceeding.

According to Phi Finney McDonald’s principal lawyer Brett Spiegel, the court will set a case management hearing, after which Domino’s will be ordered to file its defense, which could include a discovery stage.

The firm is urging every person who worked at a Domino’s franchise during the nearly five-year period to register with the class action.

Editor’s note: This story was updated on June 25th at 18:25 AEST to include Domino’s most recent statement on the issue.

That's why he's the highest paid CEO......been ripping off his workers for years.

I don't contribute to his wage. They are not pizzas he sells. Wouldn't eat that crap even if he paid me to eat it.



How much TAX did he pay on his personal income?

Captain Caveman wrote on Jan 6^th, 2020 at 6:56am:

That's why he's the highest paid CEO......been ripping off his workers for years. I don't contribute to his wage. They are not pizzas he sells. Wouldn't eat that crap even if he paid me to eat it. How much TAX did he pay on his personal income?

We just have to accept the inequality as the price we pay for the prosperity

We are an incredibly prosperous society

Every society that ever existed has had massive inequality

But the capitalist market driven system also has massive prosperity

You're simply not understanding this white night

Capitalism and markets and allowing this sort of inequality to develop
Is crucial to all the advance that is made
Which makes your life so much more prosperous

You have a car with air conditioning and satellite navigation
Even people on the dole who have contributed virtually nothing
May have such a vehicle

That's a goddamn miracle
If we didn't allow the market to sort out who are the competent car manufacturers
And then reward the ceo's of the competent car manufacturers with high salaries
This miracle could never occur

They tried this in Soviet Russia in China
East Germany

In East Germany you had a choice of one car
That blue smoke and broke down
In East Berlin you had a choice of one type of coffee
And the central authority eventually bought coffee that was so cheap
That the people revolted
They tore down the Berlin wall just to get a good cappuccino

Here in the West we probably reward the owners of moccona
Starbucks and Gloria Jean's with multi-million dollar bonuses

But at least no one is tearing down walls in frustration at the
Scarcity of a good barista

What about the Qantas Queer, he's on a pretty penny so to speak?

Fuzzball wrote on Jan 6^th, 2020 at 7:38am:

What about the Qantas Queer, he's on a pretty penny so to speak?

no need for that... >:( >:(

Dominoes Pizza has a market capitalisation of over US$12 billion. Some people people would be making over $35 million a year just off the shares they invest.

When you play the 'Americanised' Economy - then you work for American Wages.  ;)

cods wrote on Jan 6^th, 2020 at 6:28am:

we do have a thing about high achievers all the same... I am not saying its right....but it shouldnt be treated like its a crime either...... the yanks fete their high achievers Bill Gates is worshipped.....he spreads his wealth around but I havent seen him refuse it as yet.

Nothing has been learnt from the Global Financial Crisis ..... within 12 months things were back to normal in what companies & their executives earn....

and so far I haven't seen one that actually deserves what they are paid.

Dominos skimp on toppings even when you pay for extra & pay staff, especially delivery workers shyte money.

No way does Don Meij earn $35 million a year.

The CEO of BHP total package for FY ending 2019 was only AU$5 million. His base salary is AU$2.5 million.

It's not a crime Cods but in some cases like Don Meij it should be.

It's got SFA to do with Tall Poppy Syndrome .... more like excess & greed.

aquascoot wrote on Jan 6^th, 2020 at 7:30am:

Captain Caveman wrote on Jan 6th, 2020 at 6:56am: That's why he's the highest paid CEO......been ripping off his workers for years. I don't contribute to his wage. They are not pizzas he sells. Wouldn't eat that crap even if he paid me to eat it. How much TAX did he pay on his personal income? We just have to accept the inequality as the price we pay for the prosperity We are an incredibly prosperous society Every society that ever existed has had massive inequality But the capitalist market driven system also has massive prosperity You're simply not understanding this white night Capitalism and markets and allowing this sort of inequality to develop Is crucial to all the advance that is made Which makes your life so much more prosperous You have a car with air conditioning and satellite navigation Even people on the dole who have contributed virtually nothing May have such a vehicle That's a goddamn miracle If we didn't allow the market to sort out who are the competent car manufacturers And then reward the ceo's of the competent car manufacturers with high salaries This miracle could never occur They tried this in Soviet Russia in China East Germany In East Germany you had a choice of one car That blue smoke and broke down In East Berlin you had a choice of one type of coffee And the central authority eventually bought coffee that was so cheap That the people revolted They tore down the Berlin wall just to get a good cappuccino Here in the West we probably reward the owners of moccona Starbucks and Gloria Jean's with multi-million dollar bonuses But at least no one is tearing down walls in frustration at the Scarcity of a good barista

Yeah well Starbucks & good coffee have nothing in common ....

so the barristas there would have to be good at making the shyte look good ... until you taste it.

Gnads wrote on Jan 6^th, 2020 at 8:06am:

aquascoot wrote on Jan 6th, 2020 at 7:30am: Captain Caveman wrote on Jan 6th, 2020 at 6:56am: That's why he's the highest paid CEO......been ripping off his workers for years. I don't contribute to his wage. They are not pizzas he sells. Wouldn't eat that crap even if he paid me to eat it. How much TAX did he pay on his personal income? We just have to accept the inequality as the price we pay for the prosperity We are an incredibly prosperous society Every society that ever existed has had massive inequality But the capitalist market driven system also has massive prosperity You're simply not understanding this white night Capitalism and markets and allowing this sort of inequality to develop Is crucial to all the advance that is made Which makes your life so much more prosperous You have a car with air conditioning and satellite navigation Even people on the dole who have contributed virtually nothing May have such a vehicle That's a goddamn miracle If we didn't allow the market to sort out who are the competent car manufacturers And then reward the ceo's of the competent car manufacturers with high salaries This miracle could never occur They tried this in Soviet Russia in China East Germany In East Germany you had a choice of one car That blue smoke and broke down In East Berlin you had a choice of one type of coffee And the central authority eventually bought coffee that was so cheap That the people revolted They tore down the Berlin wall just to get a good cappuccino Here in the West we probably reward the owners of moccona Starbucks and Gloria Jean's with multi-million dollar bonuses But at least no one is tearing down walls in frustration at the Scarcity of a good barista Yeah well Starbucks & good coffee have nothing in common .... so the barristas there would have to be good at making the shyte look good ... until you taste it.

Same goes for dominos

We don't have a better method for creating prosperity
Then to let the general public vote with their cash
On who is the most competent provider of a service

At the height of the Communist system in Russia
Massive numbers of bureaucrats had to sit around and decide on the price of up to 10000 individual items each day

What is a nail worth

Serious question

It's worth a lot if your roof is about to blow off

How could the central Soviet decide on such pricing mechanisms
They couldn't it's impossible

So we throw it open to the free market
And the market decides
How very democratic of us

And if you are very competent
At providing what the market wants
Then you get rewarded
In proportion to your competence

And so more and more competent people
Become richer and richer

How could you possibly structure a better system
It's impossible

If you are a plumber and word gets around that you are a good plumber than you get to do more plumbing
And you get to expand your business and teach apprentice plumbers
and so the standard of plumbing in the society gets better and better and better
And if you are a bad plumber
No one parts with their cash to pay you
And you don't get to construct pipes that leak

The payoff for the best functioning society
Is that some people are going to accumulate a lot more cash
But isn't it better
That these are the competent people

That's why the whole system works

In an altruistic way of contributing first
You contribute to your fellow man
You put his needs first
He judge's your competence
And then the whole thing spirals upwards

It's a bloody miracle
Interfere with it at your peril

Thank heavens for the good unions of Australia.   [smiley=thumbsup.gif]