CEO Salaries

[I Declare War]

Man I feel sorry for you chch people.. i hope you've still got some booze on the shelves.

[This rant is about the extravagant pay packets of some of our public servants, not about the pay packets of people in private companies. Private companies in my opinion should be able to pay their executives whatever they feel their worth is. I'm against public servants getting large pay packets.]

Just yesterday I read about the outrage over the council CEO's pay rise in the NZherald... he gets paid over 500k. 60k (or was it 70k) pay rise this year... outrageous how our taxes are being spent! Money should be put towards helping you chch people!! man if I was PM I'd cap all [non executive] civil servant pay packets to 100k and not a cent more [and all executive positions would be paid less than the PM]. Completely outrageous!

ok rant over.

[tomsammce]

^ go camp in aotea square mate.

[I Declare War]

^ go camp in aotea square mate.

too drunk for that brah, might start a ruckus

[genetic freek]

Man I feel sorry for you chch people.. i hope you've still got some booze on the shelves. lol

Just yesterday I read about the outrage over the council CEO's pay rise in the NZherald... he gets paid over 500k. 60k (or was it 70k) pay rise this year... outrageous how our taxes are being spent! Money should be put towards helping you chch people!! man if I was PM I'd cap all civil servant pay packets to 100k and not a cent more. completely outrageous

ok rant over.

you fucking one eyed idiot. Thats about normal for a CEO. You start paying them 1/5 of what a CEO position is worth and you will get muppets applying. And the fact that you post this n an earthquake thread makes you even more of a dick head. Get off the dole cock

[I Declare War]

Man I feel sorry for you chch people.. i hope you've still got some booze on the shelves. lol

Just yesterday I read about the outrage over the council CEO's pay rise in the NZherald... he gets paid over 500k. 60k (or was it 70k) pay rise this year... outrageous how our taxes are being spent! Money should be put towards helping you chch people!! man if I was PM I'd cap all civil servant pay packets to 100k and not a cent more. completely outrageous

ok rant over.

you fucking one eyed idiot. Thats about normal for a CEO. You start paying them 1/5 of what a CEO position is worth and you will get muppets applying. And the fact that you post this n an earthquake thread makes you even more of a dick head. Get off the dole cock

I've had a couple of drinks, granted... so maybe being a bit idiotic. But, I'm not on the dole, you idiot.

Maybe about normal for CEO of a reasonably sized private/listed business... but public servants are working for the public.

Yeah 100k is too low for that position... but howcome it needs to be 500k? That's extravagant. Isn't 250k enough. There needs to be some limit.

[genetic freek]

Man I feel sorry for you chch people.. i hope you've still got some booze on the shelves. lol

Just yesterday I read about the outrage over the council CEO's pay rise in the NZherald... he gets paid over 500k. 60k (or was it 70k) pay rise this year... outrageous how our taxes are being spent! Money should be put towards helping you chch people!! man if I was PM I'd cap all civil servant pay packets to 100k and not a cent more. completely outrageous

ok rant over.

you fucking one eyed idiot. Thats about normal for a CEO. You start paying them 1/5 of what a CEO position is worth and you will get muppets applying. And the fact that you post this n an earthquake thread makes you even more of a dick head. Get off the dole cock

I'm not on the dole you idiot.

Looks like lack of funds to buy food by the looks of the person in your avitar, dole might be a beter option

A jobs worth what it's worth no matter who you are working for thats just how the world works, ppl like you just have a cry coz you think your paying for this big wage with your taxes pfft. the point is that if thats all your prepared to pay (100k) then thats all the work you will get out of them. and using that extra money to help the ppl of chch would'nt even touch the sides. Everyone has insurance and the govt has stepped in its not like there are ppl running around starving to death

[I Declare War]

Ah well, all ya can do is make do with what genetics you've got eh "Genetic Freak".

[I Declare War]

you fucking one eyed idiot. Thats about normal for a CEO. You start paying them 1/5 of what a CEO position is worth and you will get muppets applying. And the fact that you post this n an earthquake thread makes you even more of a dick head. Get off the dole cock

I'm not on the dole you idiot.

Looks like lack of funds to buy food by the looks of the person in your avitar, dole might be a beter option

Looks like Markus Ruhl from your avatar. Why don't you put a pic up of yourself? man you're a looser. genetic freak? genetic looser I bet.

[rovr4on]

Genetic Freak is about as pro capitalist as they come, CEO's shouldnt get paid so much, which is why the council jobs shouldnt have to compete with these high wage CEO's who tend to work in trends like fashion. Im with you IDW, but another time, not the right thread!

Hope all is well in CHCH, keep battling, you will win soon!

[Chemo]

Was a bit if a shock ay.

@IDW yeah man pay is outrageous. Even the eqc assessors get a massive pay-packet. Overkill IMO

[tc]

Nobody had a problem with the CEO's salary before. Its more the fact that he has just been reappointed to the position and has now got a 14% pay increase ($68,000). Since he has been in the position, his salary has increased by over 40%. Most employees would have been lucky to get a 2% pay rise in the last couple of years.

I'm a Cantab and think the increase is way out of line.

[I Declare War]

Nobody had a problem with the CEO's salary before. Its more the fact that he has just been reappointed to the position and has now got a 14% pay increase ($68,000). Since he has been in the position, his salary has increased by over 40%. Most employees would have been lucky to get a 2% pay rise in the last couple of years.

I'm a Cantab and think the increase is way out of line.

Welcome tc! 2nd post since 2006!

I had a problem with the CEO's salary before, and others I've spoken too have as well. Every time there's a reappointment to these sorts of positions this happens. His pay increase is more than I earn in a year!

I agree this pay rise it is way out of line. This pay increase just highlights the problem more... there's been a string of pay increases to these positions over the years, mostly in times where the economy was at that time deemed to be in good shape. Now we can look back over the last several years when these pay increases may have been ignored because times were deemed good and you will see that the economy wasn't in good shape at all... it was being raped and pillaged by finance companies and banks. Even the government played a part in that it allowed the situation to occur by not governing well. The government should start doing it's job to keep things in check rather than recklessly borrowing money and allowing these public salaries to balloon out of proportion with the average mans income.

The fact is that these salaries are way in excess of what is needed to live a very comfortable life - why should we provide our public servants an excess?

[Android]

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

[I Declare War]

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

True Android. I'm all for CEO's being paid differently...

Just not CEO's of the public service. If you want to go and make money and feather your nest... work in the private sector. Even the prime minister gets less than this Chch guy... if anything, the PM should get the most... and everyone else should be below him. Just my thoughts anyway.

[genetic freek]

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

True Android. I'm all for CEO's being paid differently...

Just not CEO's of the public service. If you want to go and make money and feather your nest... work in the private sector. Even the prime minister gets less than this Chch guy... if anything, the PM should get the most... and everyone else should be below him. Just my thoughts anyway.

So you no longer back your first post that public servants caped @ 100k not a cent more

[I Declare War]

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

True Android. I'm all for CEO's being paid differently...

Just not CEO's of the public service. If you want to go and make money and feather your nest... work in the private sector. Even the prime minister gets less than this Chch guy... if anything, the PM should get the most... and everyone else should be below him. Just my thoughts anyway.

So you no longer back your first post that public servants caped @ 100k not a cent more

lol nah ofcourse not that's silly... I was a bit drunk there mate. Not all public servants... but something along the lines of 95% of them should be capped at that. I suppose it makes a lot of sense for executives to be paid somewhat more, as they hold the power and need to be rewarded for hard work and performance. I do hold that none should get more than the PM gets. That would set a good ceiling.

I've talked to quite a few public servants who get more than 100k and they think they're being paid peanuts. I used to do IT in the public sector... there's a big feeling of entitlement to a big salary there and it's not a good thing in my opinion. Many don't really have a clue what it is like to actually have to do a proper days work.

[Gym rat]

I also feel sorry for guys in Christchurch and the recent pay rise for the CEO payrise which I think that is very bad timing when the money could have been put towards other things like rebuilding Christchurch very well said Android and so very true

[genetic freek]

I also feel sorry for guys in Christchurch and the recent pay rise for the CEO payrise which I think that is very bad timing when the money could have been put towards other things like rebuilding Christchurch very well said Android and so very true

what about what i said Ratty?

[Android]

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

True Android. I'm all for CEO's being paid differently...

Just not CEO's of the public service. If you want to go and make money and feather your nest... work in the private sector. Even the prime minister gets less than this Chch guy... if anything, the PM should get the most... and everyone else should be below him. Just my thoughts anyway.

Yeah but then as GF said you won't get talented CEOs, you'll get lots of wannabe CEOs.

I'd prefer our public money be handled in the most business-like manner, by the best person for the job, which means finding talented people FROM the private sector. People who have proven their worth elsewhere first

You'd like the way our Armed Forces are paid IDW, nothing like the private sector whatsoever. Never met an officer on more than $150k, excluding Chief of Defence

[anyonehelp?]

Whaa that is so much money....

The things I could spend that on 8)

I understand where your coming from, but would you turn that much $$ down yourself?

[teamfatboy]

I've talked to quite a few public servants who get more than 100k and they think they're being paid peanuts. I used to do IT in the public sector... there's a big feeling of entitlement to a big salary there and it's not a good thing in my opinion. Many don't really have a clue what it is like to actually have to do a proper days work.

Wow - nothing like generalising to carry an argument... so many health professionals, educators, firemen, police, first-responders, the military and other front-line staff think they have an entitlement to a big salary ? or that they really don't have a clue about hard work ?

Maybe you meant IT in the public sector.... but even in that case the same argument's true as it is of chief executives: if you want quality, you have to lure it from the private sector. Or would you rather that public-sector IT was run by less-competent staff, remembering that it's the systems that support you we're talking about - your tax refunds, your provisional tax calculations, your medical records, your land titles.... all stored and managed on IT systems.

Public Sector CEO salaries are a matter of public record un like even listed companies. When you look at private-sector salaries, for the same sorts of roles, you'd realise that people choose to work in the public sector for many reasons, but money is almost inevitably not one of them.

The public sector in the 21st century continues to lag behind the private sector considerably - for jobs of equivalent complexity or responsibility. And the public sector

Now, it's easy to argue that the increase seems out of what, on its face - but that wasn't his call, it was his employer's.

Yes, the increase is rude-as, considering that the rest of the public sector's going to be lucky to get 2%, if that. But that's the council's choice - remembering that they may have had contractual obligations in employment law that stipulate how they had to act, and that to do otherwise could leave then open to lawsuits.

The increase would mean less to the CEO than it would to people in Parklands or Bexley, but it's a sure thing that he had nothing to do with the process of determining that there should be an increase. This wasn't a bonus, it wasn't performance-related pay, it was set by external authorities.

So, if the council had no choice under law but to adjust his pay - did he need to accept it ? What would you do ?

[I Declare War]

I've talked to quite a few public servants who get more than 100k and they think they're being paid peanuts. I used to do IT in the public sector... there's a big feeling of entitlement to a big salary there and it's not a good thing in my opinion. Many don't really have a clue what it is like to actually have to do a proper days work.

Wow - nothing like generalising to carry an argument... so many health professionals, educators, firemen, police, first-responders, the military and other front-line staff think they have an entitlement to a big salary ? or that they really don't have a clue about hard work ?

Maybe you meant IT in the public sector.... but even in that case the same argument's true as it is of chief executives: if you want quality, you have to lure it from the private sector. Or would you rather that public-sector IT was run by less-competent staff, remembering that it's the systems that support you we're talking about - your tax refunds, your provisional tax calculations, your medical records, your land titles.... all stored and managed on IT systems.

Public Sector CEO salaries are a matter of public record un like even listed companies. When you look at private-sector salaries, for the same sorts of roles, you'd realise that people choose to work in the public sector for many reasons, but money is almost inevitably not one of them.

The public sector in the 21st century continues to lag behind the private sector considerably - for jobs of equivalent complexity or responsibility. And the public sector

Now, it's easy to argue that the increase seems out of what, on its face - but that wasn't his call, it was his employer's.

Yes, the increase is rude-as, considering that the rest of the public sector's going to be lucky to get 2%, if that. But that's the council's choice - remembering that they may have had contractual obligations in employment law that stipulate how they had to act, and that to do otherwise could leave then open to lawsuits.

The increase would mean less to the CEO than it would to people in Parklands or Bexley, but it's a sure thing that he had nothing to do with the process of determining that there should be an increase. This wasn't a bonus, it wasn't performance-related pay, it was set by external authorities.

So, if the council had no choice under law but to adjust his pay - did he need to accept it ? What would you do ?

Ofcourse, if you're offered a big wage - take it!

You're missing the point of my argument, teamfatboy, I'm saying that the the whole system is fundamentally flawed and should be overhauled. In my opinion the pay of public servants should be centrally controlled and should be capped. State entities aren't free market enterprises... so they shouldn't act like them. The government is not in the market of producing products or selling services to the market with supply and demand as its driver and because of that capitalistic practices should not apply.

It is bad timing, but CEO's are paid differently to everyone else in the company.

They set strategic direction for all others to follow. Without their vision and drive the people under them could find themselves without a job basically.

Bad timing is all.

True Android. I'm all for CEO's being paid differently...

Just not CEO's of the public service. If you want to go and make money and feather your nest... work in the private sector. Even the prime minister gets less than this Chch guy... if anything, the PM should get the most... and everyone else should be below him. Just my thoughts anyway.

Yeah but then as GF said you won't get talented CEOs, you'll get lots of wannabe CEOs.

I'd prefer our public money be handled in the most business-like manner, by the best person for the job, which means finding talented people FROM the private sector. People who have proven their worth elsewhere first

You'd like the way our Armed Forces are paid IDW, nothing like the private sector whatsoever. Never met an officer on more than $150k, excluding Chief of Defence

I've met a lot of government commissioners who have never really proven themselves in the private sector. These are fellas on 200k+...

The point I'm making here... is that where do you draw the line? It all comes down to the voters in the end. You can vote for a party that continues paying exorbitant amounts of money to public servant executives. I wont.

My suggestion to make the PM's salary the max would set a damn good precedent. Some guy who runs a council shouldn't be paid close to 600k in my opinion. That job can be done just as well for 250k. The way it's going we'll see public servants getting 1 million per year soon.

[Optimass]

my ceo earns over $3M per annum. but he earns every dollar in my opinion. I would think 500k would be quite shit for someone with any real entreprenurial talent.

John Key doesnt do the pm.s job for the money - he was making way more as an investment banker ....

I guess sometimes when you already have money the crap salaries paid in govt roles can be overlooked when you know you can make a difference.

Perhaps also its hard for people working for under six figures to comprehend the responsibilty, experience and sacrifice you have to make in order to be effective in these types of roles. that if you make the slightest wrong call, how this can create a ripple in costs and/or issues that can significantly impact detrimentally on the people you are trying to serve.

[nzmusclemonster]

John Key donates his entire salary to charity.

With a net worth of 50 mill he's doing alright for himself.

[Optimass]

John Key donates his entire salary to charity.

With a net worth of 50 mill he's doing alright for himself.

I was going to say but wasnt sure 100% ... do you know where it goes or does he do it through private trust ...