[lbo-talk] "Make a million for dee-Texans; twenty dollar me"

[Mike Ballard]

May 23, 2007 12:00am
Article from: Herald-Sun

http://www.news.com.au/heraldsun/story/0,21985,21777795-662,00.html

IT would take an average worker 10 years to earn what Macquarie Bank 
CEO Alan Moss gets each week, unions say.

Based on his annual salary of $33.5 million, Mr Moss earns about 
$640,000 a week.

The average full-time male worker gets about $60,000 a year.

Such a person would need to work for 558.3 years to earn what Mr Moss 
gets paid annually.

The ACTU released the figures yesterday in a bid to embarrass Prime 
Minister John Howard.

Mr Howard said yesterday: "You need to have a system where people who 
have great talent in running companies are paid a good wage . . . 
because they take risks and they guide the fortunes of companies that 
employ millions of people."

ACTU president Sharan Burrow said Mr Howard's comments and links to big 
business on IR showed he didn't care about workers.

"Despite a booming economy, large numbers of working Australians are 
facing either stagnating or declining wages as a result of his 
Government's IR laws," she said.

Mr Howard has said reforms like WorkChoices (former brand name for 
workplace relations dropped by Joe Hockey in a spin attempt to rewrite 
the "bad" as now good via advertising blitz) are vital to keeping the 
economy competitive.

Meanwhile, the State Government will enact laws to ensure Victorian 
outworkers keep the same wages and conditions as federal award 
employees.

Industrial Relations Minister Rob Hulls said this was needed because 
WorkChoices had moved many outworker entitlements to a lower award.

The Government is also legislating to protect workers who ask bosses 
about pay and conditions.




An injury to one is an injury to all
http://www.iww.org.au/


       
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