hap, give it up. Unfair? Why be a jerk? The concept was never in mind, until you used it. Try the best utilization of resources .. try 'worth', and 'jobs'. .. repeat ..
"The Airbus A380 captain is one of Qantas's most senior pilots. He doesn't surprise easily. But when he heard about the airline's final payment to former chief executive Geoff Dixon, his usual equanimity deserted him. "I was floored," he admits. "I said, 'This is crazy.'
"It wasn't just the size of the pay-out. It was the timing.
Jackson is president of the Qantas pilots' association. Last July, he says, the company gave him an ultimatum: either he and his fellow pilots found a way to slice $8 million off their wages bill or 67 of them would be sacked. He knew the threat was serious. Things were tough in the aviation industry and savage cost-cutting at Qantas had eliminated 1750 jobs in the previous 18 months. Reluctantly, he set about convincing colleagues to reduce their flying hours, thereby lowering their pay. If enough of them made that financial sacrifice, some or all of the 67 positions might be saved.
The plan worked. "We ended up getting enough volunteers to offset some of the potential redundancies," he says. But satisfaction at achieving the goal was short-lived. "Just when we'd completed that, the company offers the departing chief executive $10.7 million." Jackson laughs ruefully. He joined Qantas 23 years ago and has always been a proud and loyal employee. But he and the other pilots who agreed to take salary cuts are still shaking their heads in disbelief at the insouciance with which Dixon strolled out the door with almost 10 per cent of the struggling airline's net profit.
How could he justify it? Did he really think he was worth that much? Was there even a twinge of conscience about the workers who had lost their jobs while he ran the company? A hint of embarrassment about the shareholders, who had seen the Qantas bottom line plummet 88 per cent since the previous year? This magazine would have liked to put those questions to Dixon but he failed to respond to a request for an interview. In any case, he is only one of the doyens of corporate Australia to have pocketed vast sums in both good times and bad." [...]
"Linda White is assistant national secretary of the Australian Services Union, which represents about a third of Qantas employees. In her dealings with Dixon, she found him an engaging personality. "I like him," she says. But White cannot forgive him. "I see the human cost to people who are made redundant, who have had long years at Qantas and love their jobs and who are forced out," she explains. How many jobs could that $10.7 million have saved? "That's what colours my thoughts. I just think, you know, nobody's worth that amount of money.""
I wondered if your word "unfair" had been used in the article. Well what do you know! It was used once ..
Robert Webster, for one, thinks they deserve their special status. "Being chief executive of a large, listed company is a bit like being prime minister of Australia," says Webster, Sydney-based head of global board services at executive recruitment firm Korn/Ferry International. "You're effectively on duty 24 hours a day, seven days a week. It takes over your whole life." He argues that CEOs shoulder huge responsibilities and deserve to be compensated accordingly. "It's totally unfair to compare their salary with the salaries of more mortal beings."
Sheeezzz .. If your newly built house has cracks in one wall then would you tear the whole house down, no you just give some attention to the one wall. Your simplification of the question of gross inequality to "unfair" is a nonsense, worthless, feeble trick, your mention of Russia, Woods and Cuba is just dumb.
Don't you care any more at all about others? Obviously not. Not even about considering that your present model of our 2500 year old 'democracy', FOR THE GOOD OF THE NATION, just maybe could be improved upon .. EXCERPT ..
"The 2010 report is also the first to calculate an Inequality-adjusted Human Development Index, which factors in inequalities in the three basic dimensions of human development (income, life expectancy, and education). Below is the list of the "Very High Development" countries under this index. The green arrows (increase), red arrows (decrease), and blue dashes (steady) represent changes in rank when compared to the 2010 HDI.
hap0206, you have an idealized, fishbowl view of political democracy.
Your uncritical view that a model based on a late eighteenth century constitution, (with smallish adjustments) absolutely provide the best standard of good government, is stale and outdated.
Don't forge to renew you membership in the Dinosaur's Club.
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