Australian Politics Forum - Paid 50 Times The Average Workers Salary

Sir lastnail

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Re: Paid 50 Times The Average Workers Salary
Reply #90 - Dec 28^th, 2015 at 10:47am

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.

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

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

LOL

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail Gold Member Offline Australian Politics Posts: 30112 Gender:	Re: Paid 50 Times The Average Workers Salary Reply #91 - Dec 28^th, 2015 at 10:48am Quote: 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
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Sir Crook Ex Member	Re: Paid 50 Times The Average Workers Salary Reply #92 - Dec 28^th, 2015 at 10:51am One shoud not forget bonus time also. But we wont mention that will we?.
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Sir lastnail

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Re: Paid 50 Times The Average Workers Salary
Reply #93 - 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 Sad

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.

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir Crook Ex Member	Re: Paid 50 Times The Average Workers Salary Reply #94 - Dec 28^th, 2015 at 11:01am Well said Sir lastnail, the case for weekend and public holiday penalty rates is sound.
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Andrei.Hicks

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Re: Paid 50 Times The Average Workers Salary
Reply #95 - 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:

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.

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

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?

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Grappler Deep State Feller

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Re: Paid 50 Times The Average Workers Salary
Reply #96 - 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:

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.

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

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?

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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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Dnarever

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Re: Paid 50 Times The Average Workers Salary
Reply #97 - 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:

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.

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

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.

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progressiveslol Gold Member Offline Australian Politics Posts: 17029	Re: Paid 50 Times The Average Workers Salary Reply #98 - 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.
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21st Century Dialup Network Senior Member Offline Australian Politics Posts: 399 Brisbane Gender:	Re: Paid 50 Times The Average Workers Salary Reply #99 - 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.
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John Smith

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Re: Paid 50 Times The Average Workers Salary
Reply #100 - 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 Cheesy

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

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith

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Re: Paid 50 Times The Average Workers Salary
Reply #101 - 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:

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.

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

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 ?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Dnarever

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Re: Paid 50 Times The Average Workers Salary
Reply #102 - 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:

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.

Yeh right. His mates get to vote for him in exchange for a payrise themselves Cheesy

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.

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Dnarever Gold Member Offline Australian Politics Posts: 59402 Here Gender:	Re: Paid 50 Times The Average Workers Salary Reply #103 - 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.
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mariacostel

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Re: Paid 50 Times The Average Workers Salary
Reply #104 - Dec 28^th, 2015 at 5:46pm

[color=#0000ff][/color]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?

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 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.

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.

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