[LINK] $300,000+ a year?

[Tom Koltai]

> -----Original Message-----
> From: link-bounces at mailman.anu.edu.au 
> [mailto:link-bounces at mailman.anu.edu.au] On Behalf Of Birch, Jim
> Sent: Friday, 10 June 2011 4:11 PM
> To: link at anu.edu.au
> Subject: Re: [LINK] $300,000+ a year?
> 
> 
> 51 execs * $0.3M * 5 years = $76 million = 0.3% of project 
> cost. However you jiggle the numbers - it's still not a lot, 
> assuming that these guys can actually make good decisions.  
> 
> It may be excessive, but it's not an NBN problem: the 
> executive class everywhere have worked out that they can get 
> this sort of money (or a lot more) working for companies that 
> control huge amounts of resources. The NBN is probably paying 
> market rates.  Personally, I'd like to see a much flatter 
> income curve for a variety of social reasons but that's how 
> the world works.  At least it's worse in the US :) 
> 
> eg 
> http://www.ritholtz.com/blog/2011/06/the-> world-top-incomes-database/
> 
> I'm always amused when they say less than politician X earns. 
>  They are paid peanuts at the top end.  The PM earn less than 
> a mid-level exec for a way tougher job.  We should be paying 
> for the smartest suitable person in Australia.  You'd have to 
> be already set up financially, corrupt, weird and/or stupid 
> to enter politics.
> 

Actually, I'm with Jim on this one.
Senior executives, even the bad ones, work way more than 80 hours per
week.
Their "homework" load alone is equal to that executed by most 9-5'ers
during their normal hours.

I don't consider that 300K is over the top when consideration is given
that these jobs are make or break appointments.
If the NBN works then these are the future leaders of our country.

Very few members of the population are aware of the stress levels that a
project of this magnitude engenders throughout the senior ranks.

If it doesn't work, then there will be  few public floggings and the
balance will find work, trenching pits in Kazakhstan.

300K P.A. for a reputation and a lifestyle ? Cheap!!!

Signed
>From one that was flogged.