Continuing Rant Thread - Get it Off Ya Chest here

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We was looking out the windo at work, seeing all this goatz loades into cratez headed for muslim countryz fo ze ramadan saxrificez.

We sez, we defoz better off then thoz basterdz.
 
Couple of first world problems for the general public.
Why the **** do people think plurals need an apostrophe? What's it for?
Why don't my kegs work properly?
Why are real estate agents usually smarmy, smug suburban bogans?
Why don't people move into the empty space in the middle of the train carriage in ******* peak hour and why do people think it's ok to slash welfare to the elderly and people with disabilities but defend people with salaries in the multi-millions because they work hard? Asian guy who runs a milk bar and works in a supermarket at night also works hard, earns a lot less.
 
shaunous said:
I just went out to my shed to check the sound system for this weekends Bonfire Farm Party. Looked at the Guiness-esk stout I bottled 2hrs previous and thought 'I'll move that tub full of bottles to a dark area under my shelf' and then, 'Bang, crash, boom, splash', fukin glass tallies smashed all over my bare feet and black stout all over the shed floor.

Lucky I designed my bench and shelving so the shed can be washed out, but *** that just sucked, 6 tallies from 20+ survived the fall. No way I could get all the glass, it's everywhere. Didn't have my phone to take a photo of the carnage either.

But anyway, the sound system works a treat, and I only got a couple of cuts on my feet.

Way, wah, wah!!!
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Get depressed when have a spill or break a bottle ruins the whole day .
 
Airgead said:
There has been research done that shows that the CEO has about zero impact on the profitability of a company. Estimates range from 3% to somewhere round 10%.

No one EARNS that kind of money.

50 years ago the CEO:Employee pay ratio was about 5:1. You can justify that. Now its closer to 100:1. You can't justify that. No one person has that amount of impact on performance.

The hero CEO is a myth (put out mostly by CEOs to justify their huge salaries). Businesses do well because they have good products and a receptive market. The CEO is just an expensive figurehead. We can do without them.
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A CEO deserves every cent they get, otherwise they wouldn't be getting it, comes back to the old adage, Pay peanuts and you will get a monkey. Shareholders are canny with their money if they can get the results they expect they will happily pay the money.
Anyone who has a business and is getting a $360 million dollar profit would be more than happy to pay a CEO 1% of profit + commissions.
I ran my business for 7 years before selling it, the money I EARNED was through commitment and hard work, and that is how a good CEO conducts himself, bad management will cause investors to withdraw their funds and lead to the demise of the business.
The results of the poorly run Australian shipbuilding industry have shown us in the last week that thousands of jobs are at risk through bad management.
 
This all brings back my arguement about the Prime Minister of Australia not being paid enough, hence we get monkeys (Other than Johny Howard of coarse).

Why would any smart educated person with the ability, want to run a whole country on $500k p/a when u can run a postal service for $5mil p/a????
 
It's not just their wage (& entitlements) while in office though, ex PMs are entitled to $200k PA, an office, staff, a car, & effectively unlimited air travel.
 
shaunous said:
This all brings back my arguement about the Prime Minister of Australia not being paid enough, hence we get monkeys (Other than Johny Howard of coarse).

Why would any smart educated person with the ability, want to run a whole country on $500k p/a when u can run a postal service for $5mil p/a????
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The comparison in your argument is valid. However, it can be looked at from another angle. Maybe the PM's salary is at the right level and it's the management salaries in the private sector that are overblown. This problem didn't originate in Australia but it exists here now.

Not all bonuses received by CEOs reflect the positive performance of the individual or the corporation. In the USA, within 12 months of requiring taxpayer bailouts, management of several large financial institutions received multi-million dollar performance bonuses. Performance bonuses, less than a year after running the business to the precipice of insolvency. Not to mention nearly bringing down the financial systems of a very connected global market.
 
Not all bonuses received by CEOs reflect the positive performance of the individual or the corporation. In the USA, within 12 months of requiring taxpayer bailouts, management of several large financial institutions received multi-million dollar performance bonuses. Performance bonuses, less than a year after running the business to the precipice of insolvency. Not to mention nearly bringing down the financial systems of a very connected global market.

This is very true even though the writing was on the wall nothing was done, where lots of money is involved there will always be greed and corruption, at lot of people made fortunes while even more lost money.
 
I stepped in **** this morning just before I jumped in my car for work.

I didn't realise until after I started driving and the stench consumed all breathable air..

I washed my boot when I got to work but got some water in it.

I am now wearing a stinky wet boot.
 
Driver who think they have automatic right of way at roundabouts.......aarrgghhhh

And my old utenot liking cold mornings
 
Online clusterfucks of engineers engaging in pissing comps **** me.
 
goomboogo said:
The comparison in your argument is valid. However, it can be looked at from another angle. Maybe the PM's salary is at the right level and it's the management salaries in the private sector that are overblown. This problem didn't originate in Australia but it exists here now.

Not all bonuses received by CEOs reflect the positive performance of the individual or the corporation. In the USA, within 12 months of requiring taxpayer bailouts, management of several large financial institutions received multi-million dollar performance bonuses. Performance bonuses, less than a year after running the business to the precipice of insolvency. Not to mention nearly bringing down the financial systems of a very connected global market.
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You would need to see what the contracts that the CEOs signed were for. Unfortunately in a lot of cases, the CEO will be doing exactly as they have been contracted to. Look at Joyce. He's going to run Qantas completely into the ground and when he leaves in a couple of years he will get a huge bonus. From what I understand, the majority of his contract is based on lowering costs, by any means necessary. So he's firing staff, pulling planes out of the fleet and basically cutting costs everywhere. He doesn't care what happens to the business or what people think about him because at the end of the day, he will get a huge chunk of cash for doing exactly as what was asked of him. Shareholders/Boards have a lot to answer for here.
 
That's the problem. Incentivising poor conduct and/or risky behaviour benefits a small few at the cost of a large many.
 
I'm not well read on this subject but isn't that why many companies offer equity/options as part of their contact so that they have an incentive not to let the company value/shareprice turn to ****?
 
lukiferj said:
Completely agree. Right or wrong, money talks, and when it does, the big boys listen.
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And I can't see it changing. Especially when governments/regulators play deaf, dumb and blind.
 
Joyce has an unenviable job trying to make Qantas competitive, seems to be the down fall of some Aussie companies, soon as competition arrives they appear to start quaking in their shoes, same thing happened with Telstra as soon as Optus came on the scene and they started losing their profits it was sold off.
Only history will tell if Joyce can turn the losses made by Qantas and get back into profit, I can only wonder if he wishes his and Borghetti's roles were reversed which they well could have been.
 
It's said a fool and his money are soon parted.

Large corporations 'owned' by shareholders, well, are the shareholders competent managers of their investment?

Yes, will appoint competent management, even find the larger shareholders being operationally involved, make lots of money.

No, the ownership is split between the owners on paper and the owners through decisive power. The management will legally skim the company's profits through fatter salaries because they are operating for fools. And they would also spread the love a bit among the workforce to keep people blind and happy.

People have gotten used to the idea of money making money - popularised by get rich quick investment gurus. It's the person handling the money that makes the money.
 
wide eyed and legless said:
Joyce has an unenviable job trying to make Qantas competitive, seems to be the down fall of some Aussie companies, soon as competition arrives they appear to start quaking in their shoes, same thing happened with Telstra as soon as Optus came on the scene and they started losing their profits it was sold off.
Only history will tell if Joyce can turn the losses made by Qantas and get back into profit, I can only wonder if he wishes his and Borghetti's roles were reversed which they well could have been.
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Making Quantas competitive in today's market with overseas competitors would be likened to pushing **** up hill with a stick.
Asian countries compared to ours pay much less in wages as their economy,working conditions,way of life differ vastly from ours,we Aussies don't help when we shop on the Internet for a "bargain" then whine about our economy.I am guilty of buying o,seas via Ebay.
But,yep there is always a but,I cannot for the life of me get my head around governments who sell of this countries utilities,the price of utilities such as water supply,electricity,phones and **** pipes will ever be increasing as the population is ever increasing,such things will always be profitable ( if managed correctly) utilities have to be the original " sure thing".
And another, the South Oz government sold the state lotteries some years back , **** me if that was not a cash cow the buyers must have made their money back in no time at all. Crazy just crazy.
 

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