[LINK] I'm going to throw something out there...

[Deus Ex Machina]

Craig Sanders [cas at taz.net.au] wrote:
> On Tue, Feb 17, 2004 at 07:11:46AM +1100, Deus Ex Machina wrote:
> > Frank O'Connor [foconno1 at bigpond.net.au] wrote:
> > > 1. Where do CEO's (even ones in failing enterprises) get off taking the
> > > exorbitant salary and package rises they do?
> > 
> > actually australian ceo are grossly underpaid, if you look at the average US
> > sallary for ceo's youll find we generally pay peanuts.
> 
> the fact that US CEOs get paid more than Australian CEOs does not mean that
> Aust. CEOs are "grossly underpaid".
> 
> US CEO's are *obscenely* overpaid.  ours are just *outrageously* overpaid...

relative to? you are *obscenely* overpaid relative to the average chinese.

> > > 3. Where do the banks get off hitting their customers with an inordinate
> > > number of charges and items on their deposit accounts, when previously
> > > thewy used to be able to make money on those by relending at differential
> > > interest rates.
> > 
> > its call pricing the negative value customers back to profitability there is
> > no mandate for a business to loose money on specific customers.
> 
> sorry, but if banks want the opportunity to make a profit in a field that
> *should* be run as non-profit nationalised infrastructure, then they have to
> accept that there are community service obligations that are part of the
> package.

the reality is that governement run style "community services" are catastrophically
innefficient and squander tax payers money in general. banking is not a natural right
like freedom or self determination last I looked :) I am sorry but your argument
is never going to find traction with Canberra

> > > 6. Why are so many industries allowed to rip the hell out of their
> > > piece-workers ... and make such inordinate markups when the product finally
> > > hits the retail end of the supply chain?
> > 
> > perhaps you can give a solid example. I am not aware of any industry where
> > there is competition and this happens.
> 
> if you open your eyes, you will find that there is a lot that you are not aware
> of.
> 
> BTW, try the clothing industry for starters.  then move on to any other
> industry you care to think of.

perhaps you would care to divulge some real figures that show that
enormous margins are being generated by an industry, because there are plenty
of investors looking for a good return.

Vic