Top Earning CEOs

[magnifisaint]

9. Andrew Bassat, Seek: $10,744,472
Lets see if he can earn his keep at St Kilda.

[Enrico_Misso]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

[Goose is king]

[quote=Enrico_Misso post_id=1824888 time=1568727295 user_id=2323]
Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!
[/quote]

He also took the company off the canvas, rebuilt them to be a very profitable company in one of the most competitive industries in the world where competitors don’t have the same constraints as Qantas do.If you don’t think he is worth his pay packet you have failed at life

[Spinner]

Worth every cent.

[SydneySainter]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

He also took the company off the canvas, rebuilt them to be a very profitable company in one of the most competitive industries in the world where competitors don’t have the same constraints as Qantas do.If you don’t think he is worth his pay packet you have failed at life

I always wondered why I was such a failure

[saintspremiers]

I used to work a few levels below Joyce yonkers ago an d got to know him. He’s a very smart operator but also a decent bloke - good to have a beer with and has a good sense of humour to boot! Unfortunately I didn’t back that knowledge into buying shares and backing his plan for Qantas around a decade ago when he took on the unions head on and the shares were worth about a dollar. He has balls that bloke, and it worked!

[magnifisaint]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

He also took the company off the canvas, rebuilt them to be a very profitable company in one of the most competitive industries in the world where competitors don’t have the same constraints as Qantas do.If you don’t think he is worth his pay packet you have failed at life

No one is worth that salary. Just ask Warren Buffett, the greatest investor of all time.

[To the top]

The impact of Joyce was to retrench with the attaching and significant redundancy expenses plus the write down of asset values plus the bringing forward of out year expenses resulting in the losses delivering not only a tax holiday but also accounting for out year profits and dividends (the Telstra model, funding dividends from IPO Capital)

I understand the tax holiday enjoyed has only now come to a conclusion - how many years on?

What should have been paid in tax over the years has, in part, landed in the CEO’s pocket

The business performance of Qantas has been an accounting outcome, carefully orchestrated and since added to by interest rates post the GFC (the aircraft are leased with RV’s no doubt) and by a stabilisation (within reason) of fuel costs including trading futures

The continuing focus on employee costs and now the support for reductions in the Company tax rate (given they now actually have to pay tax) plus the attacks on the airport regime would indicate a business where actual trading performance is under constant pressure no matter the reductions in the costs of borrowings

Remember Compass and Ansett and other global brands

Competition within Australia (Virgin and what is their performance?) is what it is but globally there is competition

Not a business model or administration I would be investing in

Joyce is an employee - and a Shareholder

His package is no doubt structured for tax considerations

[BringBackMadDog]

9. Andrew Bassat, Seek: $10,744,472
Lets see if he can earn his keep at St Kilda.

we don't pay him anything as all board positions are unpaid so yes, he is worth every penny

[magnifisaint]

Metaphorically speaking

[Saintmatt]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

What? No. No he isn't. Joyce's also a Director of Qantas. And with that comes the significant (potential) personal liability of being a Director. And Joyce also has a significant shareholding in Qantas so, like Bassat - is a co-owner of the company he works for.

If you don't reckon Joyce is worth his salary - go talk to the shareholders over at Virgin.

[Annoyedsaint]

Maybe Bassett could maybe....just maybe....tip some 9f his 10 mil a year (plus whatever income he makes from investments - which I’m tipping is quite large) in to get us out of debt, or is he just another businessman interested in just putting another notch on his resume. He’s got more money than all of us combined, a large donation would be like a $20 note for him....

[Enrico_Misso]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

What? No. No he isn't. Joyce's also a Director of Qantas. And with that comes the significant (potential) personal liability of being a Director. And Joyce also has a significant shareholding in Qantas so, like Bassat - is a co-owner of the company he works for.

If you don't reckon Joyce is worth his salary - go talk to the shareholders over at Virgin.

I suspect Bassat owns a much higher % of Seek than Joyce does of Quaintarse.

The point I intended to make is that such a salary is obscene.
Especially if you compare it to ScoMo.
Joyce earns about 30 times what ScoMo earns for a much more important role.
(Or maybe that is why we get buffoon leaders like ScoMo, Albo, Shortarse, Abbott, Gillard, Crudd?).
My

[Annoyedsaint]

Bassat at least co-owns the company.

Whereas Alan Joyce on $24m is basically just a paid employee.
That is 300 times the average salary!

What? No. No he isn't. Joyce's also a Director of Qantas. And with that comes the significant (potential) personal liability of being a Director. And Joyce also has a significant shareholding in Qantas so, like Bassat - is a co-owner of the company he works for.

If you don't reckon Joyce is worth his salary - go talk to the shareholders over at Virgin.

I suspect Bassat owns a much higher % of Seek than Joyce does of Quaintarse.

The point I intended to make is that such a salary is obscene.
Especially if you compare it to ScoMo.
Joyce earns about 30 times what ScoMo earns for a much more important role.
(Or maybe that is why we get buffoon leaders like ScoMo, Albo, Shortarse, Abbott, Gillard, Crudd?).
My

Spot on. Politicians salary’s should start at 1 mil and scrap the crazy pensions they get for life afterwards.

Paid peanuts for running the country, why would the smartest minds take on a job like that and get paid bugger all to do it?