CEO ‘pay explosion’ an insult to workers

Australia’s top CEO’s are continuing to gorge themselves on huge multi-million dollar payouts and massive bonuses that bear little relation to the value they deliver. Workers on the other hand who rely on the minimum wage got a lousy $24 per week rise from Howard’s ‘Unfairness Commission’.

The greed of bosses is now concerning investors who have recently voted against payouts for the Telstra boss. Industry Superannuation funds, who supply billions in investment funds to the Australian sharemarket, are also asking why these excessive CEO payments are being made.

TOP 10 ‘SNOUTS IN TROUGH’

The 10 top capitalist pigs with their snouts firmly in the trough were:

• MAC. Bank CEO - OVER $21 MILLION!
• B&B CEO – OVER $17 MILLIONs
• WESTFIELD CEO - OVER $14 MILLION
• LEIGHTON CEO - OVER $11 MILLION
• WOOLWORTHS - OVER $10 MILLION
• BHP BILLITON - OVER $8 MILLION
• TELSTRA CEO - OVER $8 MILLION
• BRAMBLES CEO - OVER $8 MILLION
• WESTPAC - OVER $8 MILLION
• NAB BANK - OVER $8 MILLION

The above list is obscene when you think about how hard unions have to fight for a 3% or 4% payrise for factory workers, construction workers, teachers or nurses. And our members actually do something productive for the world.