by Marius » 30 Oct 11, 8:17 pm
Discostaya wrote:People who complain about the CEO getting a payrise need to remember that it was approved by the shareholders in a vote
People who complain about any political party being in power need to remember that it was approved by voters?
Voting is never a good argument for something. Rather, the merits of the particular decision should always be assessed outside of stakeholder approval.
My own views were fairly uncontroversial, I thought. If a company loses money under a CEO, then it is the CEO who is responsible, no one else. This is a fairly central leadership view.
If Qantas loses money under Alan Joyce, then he is to blame, and it is his responsibility to see this situation resolved -- not the government's or unions'. It follows from this that it may be that the pay rise was not justified if the company contracts by 50%. That's not what CEOs are paid to achieve.
As a business owner myself, I wouldn't dare trying to blame outside factors for my own performance. I can't blame the economy, government, clients or whatever else. But that's exactly what is happening here.
That's my main criticism of Qantas here... all their press releases point fingers, and it's conduct which in no way justifies pay rises.
