Like everyone. I feel very sorry for the workers that once again are getting shafted by corporate greed..
I do think however, much of the anger at the executive's income is rather misguided.
There have been union reps all over the TV tonight condemning the executives for being so "profit focused" that they have forgotten the workers..blah.. blah.. blah ..
I don't think that's quite right.
Don't get me wrong... most of the executives are greedy arseholes...... but a company focused on profit is a good thing... that's what gives all of us employees opportunities. (Some of the union bosses seem to forget that if a company doesn't make a profit... there members are in trouble.)
I would love to see these multi-million dollar salary packages directly linked to performance.
I see nothing wrong with an exec earning several million dollars per annum.
But, I feel that should only happen via a performance based contract: something like $140,000 pa + x% of after tax company profit......
That way if the company is not doing well.... neither do these greedy prats.
I am sure most shareholders would agree with me too. How many of us have seen greatly reduced share income due to sliding profits ... while some knob at the top gets a huge golden handshake.
At the moment it seems get to the top and write your own blank cheque is the rule of Corporate Australia.
Something has to happen to make these people more accountable for their decisions and the results of their actions.
Maybe I am not a realist.... but something has to happen....
Mark
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