topic Re: WOW Au post in Selling

WOW Au post

4green2000 — Tue, 07 Feb 2017 21:22:55 GMT

this was on the news today....Aus post managing director gets paid 5.6M salary. according to the news, the AU gov wanted to keep this a secret from AU tax payers.. he is the highest paid public servant in AU..WOW. ...

now i know why my postage costs keeps going up and up.

Re: WOW Au post

the4masters2013 — Tue, 07 Feb 2017 21:57:48 GMT

I'd be happy with the 0.6m as a pay packet. The 5m can be shared around to those who need it the most!!

Re: WOW Au post

clarry100 — Tue, 07 Feb 2017 23:22:15 GMT

It's absolutely sickening that any one person should be paid like this. Its 10 times more than our Prime Minister gets paid.

Not only that but he presides over an organisation that is losing money. How can this be allowed to continue.

http://www.news.com.au/finance/work/leaders/australia-post-ceo-paid-56-million-in-2016/news-story/7e8b26ed0660abf9c7d60b4ec539017e

Re: WOW Au post

bookmanx500 — Tue, 07 Feb 2017 23:46:24 GMT

And the CEO of Royal Mail (UK) gets $800,000 per year And Head Of the US Postal system gets $600,000,

To run an operation x10 times the size of Australia Post.

?????

Barrie

Re: WOW Au post

phorum_junkie* — Wed, 08 Feb 2017 00:21:29 GMT

As disposable income the head of UK Royal Mail is probably better off than the head of AP.

Re: WOW Au post

meekamag2 — Wed, 08 Feb 2017 00:27:48 GMT

Maybe bring it to the attention of the media? Channel 9? ABC?

Re: WOW Au post

clarry100 — Wed, 08 Feb 2017 01:13:27 GMT

It works out to a bit over $5.60 per secon , 24 hours per day for 365 days per year.

Re: WOW Au post

clarry100 — Wed, 08 Feb 2017 01:16:34 GMT

Apologies had my divisions up the wrong way.
It's about 17/cents per second. He must be positively poor only getting 17-cents per second

Re: WOW Au post

dazzledayz — Wed, 08 Feb 2017 01:28:25 GMT

@bookmanx500 wrote:
And the CEO of Royal Mail (UK) gets $800,000 per year And Head Of the US Postal system gets $600,000,
To run an operation x10 times the size of Australia Post.

?????

Barrie

And to think that this poor overworked and underpaid slave labourer managed to put together a profitable deal that allows UK sellers to post globally in bulk at rates that our guy can't deliver for local mail.

Maybe if they paid him just a little more?

I've said it before and I'll say it again; AP is now run by ex-bankers who wouldn't have a clue about logistics.

They didn't need Ahmed Fahour for a CEO, they needed someone more like Lindsay Fox.

Re: WOW Au post

rocket2retro — Wed, 08 Feb 2017 03:31:35 GMT

I hope the media point out this fact to Aust Post the next time we get their sob stories about their falling profits.

Re: WOW Au post

33_rpm — Wed, 08 Feb 2017 03:45:09 GMT

http://www.betootaadvocate.com/headlines/australia-post-ceo-to-respond-to-criticisms-of-his-5-6m-salary-in-3-5-working-days/

Re: WOW Au post

Anonymous — Wed, 08 Feb 2017 03:53:26 GMT

Indeed,rather like their reply to me on Face Book when I dared complain about another postage hike

"We are like any other business,struggling in tough finacial times"

Dry that one out and you could fertilise the lawn

Re: WOW Au post

transport-posters — Wed, 08 Feb 2017 05:56:29 GMT

This is an interesting article about the breakdown of his pay and how it equates to about 119 average postal workers on $47k!

http://www.theaustralian.com.au/business/companies/breaking-down-ahmed-fahours-pay-package-at-australia-post/news-story/ce91a39aba15bf95d3794d306c4d83f9

Re: WOW Au post

davewil1964 — Wed, 08 Feb 2017 07:09:39 GMT

@meekamag2 wrote:
Maybe bring it to the attention of the media? Channel 9? ABC?

Maybe watch the news?

The media are all over Turnbull's criticism of Fahrour's pay.

Re: WOW Au post

lyndal1838 — Wed, 08 Feb 2017 08:02:53 GMT

@rocket2retro wrote:
I hope the media point out this fact to Aust Post the next time we get their sob stories about their falling profits.

You mean like all the other times it has been pointed out and completely ignored?

The CEO's obscene remuneration is hardly new news.....it has been discussed in detail on many occasions.

Ordinary letter mail is the only section of AP that has falling profits.... their parcels section is going great guns and more than quadrupled its profits over the previous year thanks to their latest hike in parcel postage rates.

Re: WOW Au post

digital*ghost — Wed, 08 Feb 2017 08:26:44 GMT

Shocking, in a way, but unfortunately not in a surprising one.

I do love AP trying to refuse to reveal the salary, claiming there was "no public interest", though.

Re: WOW Au post

davidc4430 — Wed, 08 Feb 2017 08:36:57 GMT

i wonder if the PM who went feral in parliment today at bill shorten will be the same PM who calls Australia Post?

Re: WOW Au post

davewil1964 — Wed, 08 Feb 2017 08:48:48 GMT

Here's hoping.

Maybe he's grown a pair since Bernadi reduced his chances of getting rolled by one.

Re: WOW Au post

2*much*cute*stuff — Wed, 08 Feb 2017 08:54:59 GMT

I'm disgusted by this. Post costs keep going up and up, making it harder and harder for small Aussie businesses to keep up and keep being competitive and he takes home HOW much? 😞

Re: WOW Au post

dazzledayz — Wed, 08 Feb 2017 09:19:26 GMT

@lyndal1838 wrote:
@rocket2retro wrote:
I hope the media point out this fact to Aust Post the next time we get their sob stories about their falling profits.
You mean like all the other times it has been pointed out and completely ignored?

The CEO's obscene remuneration is hardly new news.....it has been discussed in detail on many occasions.

Ordinary letter mail is the only section of AP that has falling profits.... their parcels section is going great guns and more than quadrupled its profits over the previous year thanks to their latest hike in parcel postage rates.

And AP continually under-report letter mail income.

Most small parcels under 500g and not too bulky are actually delivered by the letter postie.

This saves AP the $2 it would normally pay the contract courier driver to deliver that parcel.

It automatically raises Parcel Post profits by $2 every time by saving the delivery fee.

Every time this occurs there should be a sum factored to letter mail but do you think that's the way they acount for it?

There was no mention of it in the AP submission to the ACCC in their push to raise letter rates.

All the AP board are good at moving are numbers in a spreadsheet.