Comments on: Newspoll: 55-45

By: William Bowe

William Bowe — Fri, 17 Oct 2008 02:45:23 +0000

By: Thomas Paine

Thomas Paine — Fri, 17 Oct 2008 02:34:25 +0000

Quite clearly people are linking Australia’s present and future problems with the international scene.

Roy Morgan Consumer Confidence – 89.5 (down 4.7 points in a week);
Now 49% of Australians expect “bad times” over next 12 months
http://www.roymorgan.com/news/polls/2008/804/

By: Socrates

Socrates — Fri, 17 Oct 2008 02:31:05 +0000

In fact, we are a very high payer of CEO salaries by world standards, out of proportion to the size of our economy. CEO pay here is higher than in Japan, France or Germany. The US and UK pay more, but those are acknowledged as problematic.

By: Socrates

Socrates — Fri, 17 Oct 2008 02:29:48 +0000

Further to my 755, consider the most succesful CEOs from non-finance companies in Oz in recent years – the heads of BHPB and Rio Tinto. They were promoted from within. Being CEO of BHPB or Rio Tinto remains a coveted prize within the mining industry with no shortage of good quality applicants. Same is true for banks.

Meanwhile look at the quaity of oveseas CEOs we have attracted with large pay here. Consider Sol Trujillo (Telstra) or Trumbull (AMP). Both were high pay, high profile and caused share value losses.

By: ltep

ltep — Fri, 17 Oct 2008 02:29:33 +0000

You may pay them less but you certainly won’t be paying them badly. If they choose to run off to another country to be paid through-the-roof amounts then we don’t need them. Greed should not be rewarded.

By: Socrates

Socrates — Fri, 17 Oct 2008 02:26:14 +0000

The brain drain argument is rubbish. There is no evidence that these people will leave if you pay them less. (Why not test the hypothesis anyway?) Nor is there evidence that the best people move countries for more money. The best execs are usually promoted from within by companies with good staff development programs.

By: zombie mao

zombie mao — Fri, 17 Oct 2008 02:22:57 +0000

summary of roy morgan

no change despite global financial meltdown

zzzzzzzzzzzzzz

By: Gary Bruce

Gary Bruce — Fri, 17 Oct 2008 02:16:02 +0000

Morgan Poll
http://www.roymorgan.com/

By: Oz

Oz — Fri, 17 Oct 2008 01:29:32 +0000

The other issue that seems to be getting lost in the debate, at least in the media, is that it’s not like these guys are getting tens of millions just when everything is going peachy. They get it then, and they get it when their companies are ‘rationalising, laying off staff, putting their employees on pathetic contracts and gouging their customers.

By: Bushfire Bill

Bushfire Bill — Fri, 17 Oct 2008 01:22:58 +0000

]…let us have executives who care about something other than their own bonuses.]

Yes, given the lack of success they’ve had it might be time for some of the less ambitious – the more willing to take a humble million than tens of millions – to get the gongs for CEO jobs.

I saw somewhere yesterday a line in an article that read “There is no evidence that paying execus huge salaries caused these (banks) to go bust.”

This misstates the point: there is little evidence to show that paying them huge dollars kept the banks viable.