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Collapse Issue 231 - 11 Jan 2010Issue 231 - 11 Jan 2010
Collapse  NEWS NEWS
Umina worst for cat attacks
Signs will remind of theft risk
Boats towed to Woy Woy
Teenager assaulted on train
Australia Day at Woy Woy
Australia Day at Wagstaffe
Pelican Park playground re-opens
Tug worker evacuated
Replacing timber
Rotary takes books to Indonesia
Dredging delayed
Arrested for possession
Festival attended by 8000 people
Bays grants exceed $22,000
Council information on climate change policy
Peninsula Chamber puts banners in Ettalong
PCYC receives musical equipment
Open day for park
Information wanted
Family camp at Scout hall
LETS holds trade day
Volunteer groups receive funding
December rains above average
New civil celebrant
Collapse  FORUM FORUM
Democracy not served by dominant publisher
Where's the crash zone?
Where progress means planning
Private costs borne by public purse?
Victory by the community
Institutionalised and legalised robbery
Many elderly need somewhere to go
Collapse  EDUCATION EDUCATION
Works starts at Woy Woy South
Student results improve
New policy introduced
Collapse  SPORT SPORT
Long board challenge
Umina players in grand final
Information about award scheme
New canteen for Rogers Park
Emery reclaims Malibu title
Georgia wins physie title
Selected for State surf team
Ocean Beach hosts R&R competition
Courtney back on surf tour
Woy Woy Wombats defeat Gosford
Tesch sails to Hobart
Collapse  ARTS ARTS
Second exhibition at St Luke's
Children will make tiles
Exhibiting at Erina
Workshop to make lanterns
Local landscapes featured
Gatherings for song writers
Collapse  HEALTH HEALTH
Playgroup deals with autism spectrum
Blood Bank targets 40 donations
Collapse  HISTORY HISTORY
A Viennese waltz at 'Ettalong Hall'
Ettalong - vastly different in the 40s and 50s
Collapse  PROMOTION PROMOTION
Chance to win
Winner

Institutionalised and legalised robbery

The Productivity Commission's Report on executive salaries does not effectively deal with the huge gap between executive packages and average wage in Australia.

This has been a costly exercise in shameful whitewashing of out of control remuneration practices.

Amazingly, Corporate Law Minister Chris Bowen responded that, "it was never the intention of the government to control the excess of executive remuneration".

If not, why not we must ask!

Australians should realise that, if this attitude prevails, meaningful reform won't happen.

Our egalitarian society is undermined by the greedy big end of town engaged in institutionalised and legalised robbery.

The ALP, as the governing party, has a responsibility to address this issue.

Ninety per cent of Australians are rightly disgusted with this situation.

The Commission's argument that caps, favoured by many critics, are costly and not practical, is nonsense.

I have advocated to the Commission, to introduce a ratio of 10:1 so that a maximum CEO salary package would be $600,000.

That would be a massive saving for the corporations involved, money that could be much better spent on environmental investments.

Their response that this would limit our so-called competitiveness in term of attracting foreign CEOs is laughable.

The outrageous packages that have been paid to foreign executives, who very often put in below par performances, makes a mockery of that argument.

  • ArtTiles

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    ArtTiles

  • Attacks

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    Attacks

  • Banners

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    Banners

  • Baths

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    Baths

  • Campaign

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    Campaign

  • Cricket

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    Cricket

  • Donate

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    Donate

  • Evacuate

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    Evacuate

  • Exhibit

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    Exhibit

  • Grant

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    Grant

  • Painting

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    Painting

  • Physical

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    Physical

  • PlayArea

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    PlayArea

  • SodTurn

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    SodTurn

  • SurfClub

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    SurfClub

  • SurfPro

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    SurfPro

  • TradeDay

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    TradeDay

  • Voluntee

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    Voluntee

  • Banner2

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    Banner2

  • Exhibit2

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    Exhibit2

  • Exhibit3

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    Exhibit3

  • Physical2

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    Physical2



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