07-02-2015, 10:48 AM
Oink oink;
The bonuses will be examined by a Senate committee that is also investigating a corporate credit card rort and claims, which have not been denied by Airservices, of some executives being on travel allowances of $90,000.
Not bad if you can get it, $90k per year travel allowances. Especially when lower and middle class Australia are being raped and gouged financially by Government. So that's where our taxpayer money goes!!
ASA footstool part 1;
“We maintain that prior to the pay freeze, the executive remuneration increase in 2013-14 was 2.25% on average. Subsequently, Airservices implemented an executive pay freeze for the 2014-15"
So let's say you are on $550k per year, that means according to ASA's spin doctor the subsequent payrise would have only been around $13k give or take! Still not a bad effing payrise. These people really do reside in la la land don't they?
ASA footstool part 2;
[b]"Subsequently, Airservices implemented an executive pay freeze for the 2014-15 financial year and for the upcoming 2015-16 financial year. This pay freeze continues the restraint in executive remuneration by Airservices for many years.”[/b]
Again we have more spin doctor smoke and mirrors. To start with, I would be very happy to have my salary capped at $600k or thereabouts!!! Secondly, this does not mean that bonuses are capped, allowances are capped, or that other fat isn't put into their contracts such as retainer fees or sign on fees etc. Nope, you can't fool this old dog that easily. These muppets always know how to extract more for their own pockets by spinning the numbers and creative accounting.
Then this bit by 'he who likes to run and hide' -
[b]"Sir Angus said that all pay policies went through the Airservices board and “our policy has been to constrain executive remuneration”.[/b]
Hahaha. That is pure gold. Of course the Board is going to approve pay policies that fatten the Executives pockets. And the bit about constraining remuneration, well that is the biggest load of shit I have seen in a long time. Angus should hang his head in shame if he thinks the taxpayer is so gullible and stupid so as to believe that crock.
[b]"Airservices’ annual report shows the organisation’s profits fell from $45.5 million in 2012-13 to $21.3m in 2013-14. “The after-tax return on average equity was 3.9 per cent, which was 2.2 per cent below target,” it says. [/b]
Wow! Yet they still received bonuses? I can't imagine someone in private enterprise paying executive bonuses based on those sort of figures. Then again, bonuses are easy to pay when you use taxpayer monies!
Finally, a standard reaction from Sir Beefcheeks;
[b]"In response to questions from The Australian, Sir Angus did not comment on the bonuses, financial results or the decline in workplace diversity".[/b]
Angus Angus Angus, time to grow a set mate. If you have nothing to 'cover' or 'hide' then answer the question transparently, succinctly and truthfully, NOW. Yep, didn't think you would.
"Safe massaging of numbers for all"
P666
The bonuses will be examined by a Senate committee that is also investigating a corporate credit card rort and claims, which have not been denied by Airservices, of some executives being on travel allowances of $90,000.
Not bad if you can get it, $90k per year travel allowances. Especially when lower and middle class Australia are being raped and gouged financially by Government. So that's where our taxpayer money goes!!
ASA footstool part 1;
“We maintain that prior to the pay freeze, the executive remuneration increase in 2013-14 was 2.25% on average. Subsequently, Airservices implemented an executive pay freeze for the 2014-15"
So let's say you are on $550k per year, that means according to ASA's spin doctor the subsequent payrise would have only been around $13k give or take! Still not a bad effing payrise. These people really do reside in la la land don't they?
ASA footstool part 2;
[b]"Subsequently, Airservices implemented an executive pay freeze for the 2014-15 financial year and for the upcoming 2015-16 financial year. This pay freeze continues the restraint in executive remuneration by Airservices for many years.”[/b]
Again we have more spin doctor smoke and mirrors. To start with, I would be very happy to have my salary capped at $600k or thereabouts!!! Secondly, this does not mean that bonuses are capped, allowances are capped, or that other fat isn't put into their contracts such as retainer fees or sign on fees etc. Nope, you can't fool this old dog that easily. These muppets always know how to extract more for their own pockets by spinning the numbers and creative accounting.
Then this bit by 'he who likes to run and hide' -
[b]"Sir Angus said that all pay policies went through the Airservices board and “our policy has been to constrain executive remuneration”.[/b]
Hahaha. That is pure gold. Of course the Board is going to approve pay policies that fatten the Executives pockets. And the bit about constraining remuneration, well that is the biggest load of shit I have seen in a long time. Angus should hang his head in shame if he thinks the taxpayer is so gullible and stupid so as to believe that crock.
[b]"Airservices’ annual report shows the organisation’s profits fell from $45.5 million in 2012-13 to $21.3m in 2013-14. “The after-tax return on average equity was 3.9 per cent, which was 2.2 per cent below target,” it says. [/b]
Wow! Yet they still received bonuses? I can't imagine someone in private enterprise paying executive bonuses based on those sort of figures. Then again, bonuses are easy to pay when you use taxpayer monies!
Finally, a standard reaction from Sir Beefcheeks;
[b]"In response to questions from The Australian, Sir Angus did not comment on the bonuses, financial results or the decline in workplace diversity".[/b]
Angus Angus Angus, time to grow a set mate. If you have nothing to 'cover' or 'hide' then answer the question transparently, succinctly and truthfully, NOW. Yep, didn't think you would.
"Safe massaging of numbers for all"
P666