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Australia Post chief executive resigns after pay controversy

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HC Online | 23 Feb 2017, 02:10 PM Agree 0
The chief executive of Australia Post has resigned after seven years in the job following a pay dispute
  • EnvyMuch? | 23 Feb 2017, 02:25 PM Agree 0
    Who could blame him after the spectacle that the government made of his package, as if it was his fault. His pay was commensurate with the private sector - and was probably less than he would have received there. The pay of the Prime Minister is hardly a relevant benchmark. Good luck to him.
  • RealWorld | 23 Feb 2017, 03:34 PM Agree 0
    The point is that Australia Post is NOT the private sector. His pay should not be compared to the private sector, but to the compensation of comparable leaders of other, larger, postal services across the rest of the world.
  • david (halls head) | 23 Feb 2017, 04:11 PM Agree 0
    The Howard Government legislated to stop businesses paying wage increases above a defined amount when it was trying to destroy unions
    and workers conditions years ago SO why doesn't the government (obviously when labour is in) legislate a Maximum Salary Rate for employees (including CEO's) of businesses of say One Million !

    That would give the overpaid greedies a kick in the arse.. Of course some idiots would claim we wouldn't get the best talent but that is crap!

    David (Halls Head)
  • John | 23 Feb 2017, 04:35 PM Agree 0
    I agree with EnvyMuch, the salary was not excessive for a CEO of a major organization. If anything it demonstrates that salaries for top politicians are too low to attract the best talent when compared to other industries. It is a shame to see a CEO have to resign in this way.

    The issue of CEO salary is always vexed, the US learned that tying bonuses to the stock market performance stagnated salaries for all staff below them. Rem specialists here know that CEOs compare and compete for their packages which are printed in board reports, that is what determines the market.
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