Australian Politics Forum - Why Is CEO Pay And Bonuses Obscene

aquascoot

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #30 - Dec 29^th, 2017 at 9:00am

Ajax wrote on Dec 29^th, 2017 at 8:18am:

aquascoot wrote on Dec 29^th, 2017 at 8:09am:

stunspore wrote on Dec 29^th, 2017 at 8:04am:

Poor aqua defending the indefensible.

grateful aqua celebrating contribution .
when aqua looks at his super balance, he weeps tears of joy for the dedication of these "superior men".

aqua is tempted to send the CEO of some of these companies a bottle of moet as a way of thanking them for their service

Don't be too gracious it could be wiped off overnight, for your sake I hope its not.

if it is, then thats fine.
it will just be part of the journey.

i refuse to buy into the idea of "the golden years of retirement" and "relaxing and pleasuring myself".
a crash might be a good thing because it will then be easier to stay engaged and in momentum.

i have seen too many colleagues who quit and even a champion can become "fat steve' very very quickly if he gets sucked into the prevailing cultural hypnosis

the cash will be a legacy for the kids but ONLY if they are acting as superior men and women.

if i detect a hint of entitlement, it will be directed elsewhere.

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Grappler Racist Filth

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #31 - Dec 30^th, 2017 at 12:52am

the alpha horse chomps on the best grass and disdains the imprecations of the common herd for a piece of that action.... that herd unable to be the alpha can find its own cake to eat and must make itself worthy of eating from the same pasture by the individuals in it upgrading their benefit to the herd .... the alpha simply flicks away their concerns with his tail and grows fat on the proceeds of the grass.....his entitlement is absolute...... the foals can simply die unless the herd accedes to his wishes.....

If I were a leader like that, I'd have been sleeping with a grenade every night of the week......

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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aquascoot

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #32 - Dec 30^th, 2017 at 8:08am

Grappler Racist Filth wrote on Dec 30^th, 2017 at 12:52am:

the alpha horse chomps on the best grass and disdains the imprecations of the common herd for a piece of that action.... that herd unable to be the alpha can find its own cake to eat and must make itself worthy of eating from the same pasture by the individuals in it upgrading their benefit to the herd .... the alpha simply flicks away their concerns with his tail and grows fat on the proceeds of the grass.....his entitlement is absolute...... the foals can simply die unless the herd accedes to his wishes.....

If I were a leader like that, I'd have been sleeping with a grenade every night of the week......

https://upload.wikimedia.org/wikipedia/en/f/fe/They_horses.jpg

wrong.

the alpha horse isnt in a power struggle.
men dont struggle for power.
men get together and elect the most competant and conscientous to lead them.
no one is stomping on anyones head bro.

an alpha MUST look after those in the tribe who follow him.
even back in chimpanzee colonies, if an alpha didnt provide benevolent leadership , then 3 betas could form an alliance and take him out.

we are social animals.
an alpha gets some perks for sure.
no one minds that their boss has a bigger pay packet and a bigger office then them .
but the alpha only gets these perks if he takes on the responsibilities of being the leader.
he has to be first thru the door in times of danger
he has to sacrifice himself, his sleep, his peace of mind, he has to be courageous .
if he doesnt act alpha, then he will be taken down.
and part of being alpha is a benevolent attitude to all who have given you this priveledged position.

in leftist states (russia, maos china, cuba, north korea, cambodia), then the socialists showed their true colours as totalitarian butchers.
but an alpha leader of a western corporation must lead for the benefit of everyone , all the way down to the cleaners or he will be gone.

thats why capitalism is such a great system
and why we need to recognise that "hierachies of power" are actually "hierachies of competance" and they are benefiting you and keeping you safe.

now go and enjoy your capitalist internet, your capitalist smart phone, your capitalist automobile, your capitalist medical technology, your capitalist food supply, your capitalist holiday, your capitalist air con and be very greatful you dont live in a socialist utopia like north korea or venezaula

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Dnarever

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #33 - Dec 30^th, 2017 at 8:21am

crocodile wrote on Dec 28^th, 2017 at 10:43am:

whiteknight wrote on Dec 28^th, 2017 at 7:58am:

Australian CEOs continue receiving fat bonuses, ACSI asks what they've done to deserve it

ABC News
Posted 24 Aug 2017, 11:33am

Some of Australia's top chief executives might be receiving bonuses they don't necessarily deserve. Sad

Key points:

86 per cent of ASX 100 chief executives collected a fat bonus
Only 18 per cent of CEOs received less than half of their potential bonus
Report also confirmed the dominance of male chief executives in the ASX 100

A survey by the Australian Council of Superannuation Investors (ACSI) shows that, on average, CEO fixed pay has not changed substantially since the global financial crisis, mainly due to shareholder pressure.

But the study of 2016 remuneration showed 86 per cent of ASX 100 chief executives collected a fat bonus, raising questions about whether bosses were jumping a high enough bar to boost their base pay. Sad

ACSI chief executive Louise Davidson questioned why only 18 per cent of CEOs received less than half of their potential bonus, given dissatisfaction about some corporate performances.

"Investors reasonably assume that bonuses will only be awarded for exceptional performance over and above normal expectations," Ms Davidson said.

"But we're seeing it's pretty hard to miss out on a bonus if you're a CEO.

"The prevalence of CEO bonuses at consistently high levels raises serious questions about the way performance hurdles are being designed and applied."

While Ms Davidson welcomed the move by a small number of boards to reduce CEO bonuses, she pointed to the lacklustre performance of some companies.

"We can't help wondering why these executives would have qualified for any payments in the first place, Sad

So Whitey, are you suggesting that the Australian Council of Superannuation Investors ( ACSI ) is the body that decides what payment others deserve. What do they base this assumption upon. Do you see just a tad of vested interest in such an arrangement.

The article is about a survey, data collected and the conclusions drawn from it. Not about who decides anything

You don't think it is a problem that 82 % of CEO's including many unsuccessful ones collect 100% of their bonus every year whether they deserve it or not ?

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« Last Edit: Dec 31^st, 2017 at 7:57am by Dnarever »

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Dnarever

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #34 - Dec 30^th, 2017 at 8:24am

aquascoot wrote on Dec 30^th, 2017 at 8:08am:

Grappler Racist Filth wrote on Dec 30^th, 2017 at 12:52am:

the alpha horse chomps on the best grass and disdains the imprecations of the common herd for a piece of that action.... that herd unable to be the alpha can find its own cake to eat and must make itself worthy of eating from the same pasture by the individuals in it upgrading their benefit to the herd .... the alpha simply flicks away their concerns with his tail and grows fat on the proceeds of the grass.....his entitlement is absolute...... the foals can simply die unless the herd accedes to his wishes.....

If I were a leader like that, I'd have been sleeping with a grenade every night of the week......

https://upload.wikimedia.org/wikipedia/en/f/fe/They_horses.jpg

wrong.

the alpha horse isnt in a power struggle.
men dont struggle for power.
men get together and elect the most competant and conscientous to lead them.
no one is stomping on anyones head bro.

an alpha MUST look after those in the tribe who follow him.
even back in chimpanzee colonies, if an alpha didnt provide benevolent leadership , then 3 betas could form an alliance and take him out.

we are social animals.
an alpha gets some perks for sure.
no one minds that their boss has a bigger pay packet and a bigger office then them .
but the alpha only gets these perks if he takes on the responsibilities of being the leader.
he has to be first thru the door in times of danger
he has to sacrifice himself, his sleep, his peace of mind, he has to be courageous .
if he doesnt act alpha, then he will be taken down.
and part of being alpha is a benevolent attitude to all who have given you this priveledged position.

in leftist states (russia, maos china, cuba, north korea, cambodia), then the socialists showed their true colours as totalitarian butchers.
but an alpha leader of a western corporation must lead for the benefit of everyone , all the way down to the cleaners or he will be gone.

thats why capitalism is such a great system
and why we need to recognise that "hierachies of power" are actually "hierachies of competance" and they are benefiting you and keeping you safe.

now go and enjoy your capitalist internet, your capitalist smart phone, your capitalist automobile, your capitalist medical technology, your capitalist food supply, your capitalist holiday, your capitalist air con and be very greatful you dont live in a socialist utopia like north korea or venezaula

Quote:

men dont struggle for power.
men get together and elect the most competant and conscientous to lead them.
no one is stomping on anyones head bro.

Mostly the leader is the one who kicked everyone else off of the ladder on the way up, the best leaders are the ones who's victums didn't even notice that they were stabbed in the back 72 times.

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Why Is CEO Pay And Bonuses Obscene Reply #35 - Dec 31^st, 2017 at 7:54am Shareholders decide CEO salaries. The money comes out of their pockets, no the pockets of employees.
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Dnarever Gold Member Offline Australian Politics Posts: 61960 Here Gender:	Re: Why Is CEO Pay And Bonuses Obscene Reply #36 - Dec 31^st, 2017 at 8:10am freediver wrote on Dec 31^st, 2017 at 7:54am: Shareholders decide CEO salaries. The money comes out of their pockets, no the pockets of employees. There is some truth in what you say -maybe 5%.
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Grappler Racist Filth

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #37 - Dec 31^st, 2017 at 8:13am

freediver wrote on Dec 31^st, 2017 at 7:54am:

Shareholders decide CEO salaries. The money comes out of their pockets, no the pockets of employees.

.... and the majority of shares are held by an inner group who generally include the ceos, board members etc, so it's a closed shop and Ma and Pa Sharecropper don't really get a say.

Do keep up...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Dnarever

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #38 - Dec 31^st, 2017 at 8:13am

From the US but an interesting article on the topic.

https://www.theatlantic.com/business/archive/2017/06/how-companies-decide-ceo-pa...

Quote:

It depends on where the company is benchmarked within this group. And every board I have ever sat on or researched benchmarked itself at the 50th, 75th, or 90th percentile, therefore targeting CEO pay at similarly exalted levels. Benchmarking below the 50th percentile says, We are a lousy company and don’t even aspire to be better. So in this sense all CEOs are above average: To be benchmarked at or above the 50th percentile, they need not do anything other than report to a board that considers its own company exceptional.

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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Why Is CEO Pay And Bonuses Obscene Reply #39 - Dec 31^st, 2017 at 2:23pm And another one of the doom and gloom BlackDay's parroted anti Australian propaganda waste of times is banished to the back room. Becoming an automatic trend.
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freediver

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #40 - Jan 1^st, 2018 at 10:06am

Dnarever wrote on Dec 31^st, 2017 at 8:10am:

freediver wrote on Dec 31^st, 2017 at 7:54am:

Shareholders decide CEO salaries. The money comes out of their pockets, no the pockets of employees.

There is some truth in what you say -maybe 5%.

If the shareholders decided the CEO should have his salary halved, what do you think they would do with the difference? Give everyone a raise? Donate it to charity? Or pocket it?

Also, the reason American CEO salaries are out of step with other countries is because their companies tend to be bigger. There are fewer CEOs per employee. And they really are worth that much. If each wrong decision can cost 10000 or 100000 or 1000000 people their job, paying them the salary of 400 people doesn't seem so silly.

It's an interesting contrast with politicians. They make decisions worth a lot more money, more jobs, and a lot of lives, yet their salary is only commensurate with someone in middle management doing the boring paperwork and dealing with petty staff issues.

Pay peanuts, get monkeys.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Grappler Racist Filth

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #41 - Jan 1^st, 2018 at 10:12am

freediver wrote on Jan 1^st, 2018 at 10:06am:

Dnarever wrote on Dec 31^st, 2017 at 8:10am:

freediver wrote on Dec 31^st, 2017 at 7:54am:

Shareholders decide CEO salaries. The money comes out of their pockets, no the pockets of employees.

There is some truth in what you say -maybe 5%.

If the shareholders decided the CEO should have his salary halved, what do you think they would do with the difference? Give everyone a raise? Donate it to charity? Or pocket it?

Also, the reason American CEO salaries are out of step with other countries is because their companies tend to be bigger. There are fewer CEOs per employee. And they really are worth that much. If each wrong decision can cost 10000 or 100000 or 1000000 people their job, paying them the salary of 400 people doesn't seem so silly.

It's an interesting contrast with politicians. They make decisions worth a lot more money, more jobs, and a lot of lives, yet their salary is only commensurate with someone in middle management doing the boring paperwork and dealing with petty staff issues.

Pay peanuts, get monkeys.

And their decisions can be devastating for countless more people.... and usually are since they have no real idea or relevant experience.

Even after doubling their salaries and ensuring that the base politician receives around $2.3M on top for 'sustenance' etc.. we still attract ideological monkeys with no idea outside their narrow little worlds, and all we get for our more peanuts is more peanut sh1t.

Halve politician salaries and attract only the genuine...... see how many front up for election when the going rate is $75k plus proven costs, with a total ban on all inside trading for self, family and friends and a Federal ICAC will total powers looking over their shoulders.

You don't seriously believe people go into politics to serve this nation and its people, do you? Some may - at the start - but most go in as a reward for serving their party, which they happily continue to do since is is good remunerative business.

How else do you think we get government by absurd dogmas and ideologies, with so many blatantly stupid ideas being pushed through, accompanied by an incredible insolence of office?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Why Is CEO Pay And Bonuses Obscene Reply #42 - Jan 1^st, 2018 at 10:20am Quote: Halve politician salaries and attract only the genuine Government by well-intentioned morons.
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Grappler Racist Filth

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #43 - Jan 1^st, 2018 at 10:45am

freediver wrote on Jan 1^st, 2018 at 10:20am:

Quote:

Halve politician salaries and attract only the genuine

Government by well-intentioned morons.

Already got that - time to try for a change.

My rule of thumb is - if we had a popularly elected president, which one would you vote for?

At this time, I'd vote for none.

Why would lower paid people, who enter only because they want to do the job on behalf of the people and were prepared to take a pay drop to do so, be 'morons'?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Gnads

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Re: Why Is CEO Pay And Bonuses Obscene
Reply #44 - Jan 1^st, 2018 at 11:11am

juliar wrote on Dec 27^th, 2017 at 10:43am:

Why is union corruption so obscene ?

Why are the Labor pollies such incompetent imbeciles ?

Is it because they are the best union brown nosers ?

Weak as p1ss response.

Corrupt Union Officials wouldn't even rate on the scale of the number of corrupt business people, companies, CEO's & corporate executives ....

& guess who in the main they support or are associated with?

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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

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