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Executives defy Rudd’s request for wage restraint
by cindy calist Thursday, Feb 14 2008, 11:12am
national / social/political / commentary

Executive salaries have skyrocketed in Australian over the past decade of Howard’s rule culminating in salaries in the tens of millions of dollars for Bank and other executives – you know, the people who are responsible for creating the world credit crisis and undermining the economies of the western world! It is clear their salaries are NOT performance related!

Executive 'coffee' break

Are executive salaries justified in view of the abysmal and destructive performance of the world’s duplicitous, exclusivist, lying and thieving CEOs and executives?

The ‘show’ is over, boys! You can’t fool all of the people all of the time, but you had a good run didn’t you? Smart people would quit while they’re ahead but not our AVARICIOUS, SELFISH, PIG, EXECUTIVE fraternity!

The situation is easily tested using simple mathematics; measure the ability and skills of executives against the average person. Results are obvious, executives are NOT millions of times more skilled than average people, therefore their wages and salaries cannot be justified.

Readers will find the following quotes from the ABC outrageous and disturbing. Perhaps if we took a few executives outside, put them up against a wall and ‘penalised’ them, they might begin to understand -- notwithstanding the fact that snakes bite because they are snakes!

What price or penalty is imposed on executives when they destroy the lives of millions of people through mismanagement and incompetence -- markets today are littered with huge corporate failures? Consider the penalties for armed robbery amounting to $50K -- tens of years incarceration -- and compare with the 2 to 3 years in minimum security prisons for executive unarmed robberies amounting to billions in lost savings. That’s justice at work!

But now for the astounding quotes of executives faced with the prospect of performance based salary REDUCTIONS:

Peter Salt, director of ‘Salt and Shein,’ a company specialising in executive placements stated that the Prime Minister Mr Rudd is being naive to think he can encourage executives to accept pay cuts by following the example of politicians! That statement leaves no doubt as to the opinions executives have of our government representatives! Did you catch that one Kevin and Wayne, is it time to run to your mouse holes now, Mr Zion Salt and Kosher Shein are after you?

"He's not acknowledging the fact that there's the simple reality of the commercial pressures that these companies are under in a very competitive global marketplace," said Mr ‘Salt’.

Perhaps we should compare that reality to a hypothetical office block, black-banned by the cleaners union. It would be such fun watching executives clean their own toilets and attend to other essential services in the building. I have always maintained that sewer workers are the most important work force in any city – a fact that can easily be demonstrated. An executive with Typhoid or Cholera dies like any other person! Should workers in essential service industries demonstrate their REAL value? There’s another “simple reality” for you to confront, Mr. ‘slimy’ Shein.

The hide and arrogance of these executives knows no bounds. Unlike executive PIGS we have a keen sense of social responsibility and compassion for our fellow human beings; we are aware, however, of the source of Mr Salt and Mr Shein’s ‘superior’ values and exclusivist, ideology -- Deuteronomy 7: 1-6.

"Companies would lose critical talent that would allow them to differentiate themselves in the marketplace. It would just be disastrous," Mr Salt added.

We make a standing offer to demonstrate what actually constitutes a critical industry or “talent” should our executives harbour any doubts! [What a total absurdity; we suggest a one-way ticket to America, executives are doing a ‘great job’ over there!]

http://www.abc.net.au/news/stories/2008/02/15/2163921.htm

COMMENTS

This 'executive' disgrace must stop!
by Sam Baker Thursday, Feb 14 2008, 9:27pm

The day when executives are paid what they actually deserve will be a great day for us all!

Shame on them for hypocritically receiving ridiculous pay rises whilst they try to short-change the (actual) hard working front line staff in their respective organisations - the same people that are forced to deal with their incompetent decisions!

Shame on them for continuing to lie to the public and their shareholders!

Shame on them for continuing to make unethical decisions - all in the aim of making a quick buck!

Shame shame shame!!!