The rumour mill is running hot that CEO Alan Joyce may be taking his last flight soon. How big will the golden handshake be? and does this mean that the outstanding citizen who pushed a custard pie into his face will soon be back flying with Qantas...
Over the last ten years we have seen some of the greatest commercial and political duds in the history of country. Totally overpaid, incompetent morons.
Does it really matter. You know that he will just be replaced with some other incompetent useless overpaid and big bonus handshake turd that will hang around in the bowl messing things up until they flush him/her down the tube and out of the system as well.
I can't remember the numbers but over the past 25 years shop-floor salaries have risen $X... over that same timeframe senior executive salaries have risen 20 times $X.
Combine that with the reality that 95% of wealth is owned by 3% of people and we have clearly made some serious social errors which we *will* need to correct lest civil conflict correct them for us.
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"I beseech you in the bowels of Christ think it possible you may be mistaken"
Oliver Cromwell, 3rd August 1650 - in a letter to the General Assembly of the Kirk of Scotland
I can't remember the numbers but over the past 25 years shop-floor salaries have risen $X... over that same timeframe senior executive salaries have risen 20 times $X.
Combine that with the reality that 95% of wealth is owned by 3% of people and we have clearly made some serious social errors which we *will* need to correct lest civil conflict correct them for us.
Couldn't agree more & it is a world wide problem.
The Qantas CEO learnt his craft as an Exec of Air Lingus, need I say any more
Qantas today is an example of the catastrophic Management style/philosophy that has trashed so many companies in so many western societies and it all started with Thatcherism. The International CEO's Club has only one objective & we all know what that is. Perhaps we need to redo the remuneration packages to put a halt to the obscene payments.
The Lorenz curve must be flattened to get back to a more stable & fairer economy.
A company I was with started this circus in the 1980s, by the time I left a lot of the knowledge base had left. In the end the management due to their greed destroyed the company in Australia.
Today these types of people are even better at it & make the previous lot look like rank amateurs.
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Procrastination, mankind's greatest labour saving device!
50L custom fuel rack 6x20W 100/20mppt 4x26Ah gel 28L super insulated fridge TPMS 3 ARB compressors heatsink fan cooled 4L tank aftercooler Air/water OCD cleaning 4 stage car acoustic insulation.
Friend up the road works for Qantas as a flight attendant for 30 years now. She tells me that he is not liked by almost all staff. They'll be happy when he goes. Problem is you don't know what will replace him. They blame him for a lot of the problems within Qantas now. But that's why he gets paid the big dollars.
It seems as if the new Federal Govt is sweeping widely with a new broom. A major Fed Govt organisation based ne where I live had the CEO walk last week. No ideas as to who/what will replace him either.
We the tax payers forked out all that money by way of job keeper during the last two years just for this clown to sack 2000 people and send the baggage handling to an off shore labour hire.
He wanted/tried to change the workforce from the old experienced one to a new younger inexperienced less paid, less conditions and increased work time periods one. So far it doesn't look like it's had a good start. Bet you that the off shore labor hire workers are getting paid less than the old workers were paid.
It's been tried by a few places i know of, not to "save money or lower costs" but to increase the already healthy profit margin. Didn't work, production dropped significantly as the maintenance staff wouldn't take the deal put forward to then, your sacked, go down the road to the labor hire company and you'll be re-employed, pay rate will be 40% less. The new workers employed couldn't fix the problems that occurred. Didn't have the experience, knowledge and skills. After a period of falling production and lost revenue the company went back to the old ways. Production increased. The new owners of this company that wanted to implement this, one of the richest families in South Africa, sold up and went home from memory.
