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


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

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




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

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

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


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.

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 (And only one was a woman, and she has since been replaced by a man.)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.”   

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

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).