on 27-11-2014 02:48 PM
AUSTRALIA POST'S MUSLIM MUSEUM A FAMILY AFFAIR
The Lebanese CEO of Australia Post, Ahmed Fahour, earned (that’s probably the wrong word) an unprecedented $4.8 million last year. It made the ABC’s Mark Scott’s $800,000 look miserly and made him the highestpaid postman in the world, ten times higher than the top US postman who runs a business 20 times larger.
Not bad for a public servant.
But a little digging has unearthed some very disturbing stuff concerning Mr Fahour’s “philanthropic” $2 million donation to his brother, Moustafa Fahour's beloved creation, the Melbourne Islamic Museum. (pictured here with Moustafa)
The museum itself is no more than an elongated shed with a rusty facade and if you offered more than $1.5 million for it you, rather than halal milk, need to be certified.
It’s hard to know where to start with what appears to be another giant Islamic attack on Australia’s taxpayers.
Nowhere near the con of halal certification of course but certainly a nice little multi million, tax-free earner for the Fahour family.
A major contributor to this arcane museum was Julia Gillard who tipped in a borrowed $1.5 million from our shallow pockets.
Undisclosed amounts from tax-free funds have been paid for Islamic “works of art” one of which, a painting of Muslim hero Waleed Aly, (Australia’s apologist for terrorists) by an Abdul Abdullah, has pride of place.
Other pedestrian looking paintings and sculptures by hitherto unknown, and otherwise unemployed, members of the Islamic inner circle of postman Ahmed Fahour, have also been paid for by Aussie taxpayers, in undisclosed sums of course.
So how did the world’s richest postman manage to shift $2 million of taxpayer funds into this family affair called the Islamic Museum?
Well, Mr Fahour’s base rate of pay is $1.9 million, even that amount is extraordinary for a non-accountable public servant, but this amount was boosted by an incredible $2.9 million in 2013 for “performance” bonuses.
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But what “performance” can this amount possibly be attributed to?
Australia Post, despite being a virtual monopoly (due to its 4,500 outlets) has done poorly under Mr Fahour’s tutelage. Australia Post’s return on equity actually fell in 2013 from 16.8% to a mere 10.6%.
At the same time its operating cash flow worsened, from $551 million to $450 million. So how exactly has the “performance” of the world’s richest postman warranted a $2.9 million bonus?
Well, you will battle to find out how by reading Deloitte’s annual audit, but it’s all hidden away right there in a report that was cannily released on a Sunday morning to escape scrutiny.
Australia Post’s Directors and even the Deputy Chairman earn less than $100,000 p.a. and workers received a paltry pay rise of 1.5% in 2013.
But Fahour himself copped a pay increase of 66%, and with bonuses, he took home $4.8 million.
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Hmmm, but did he really take all that money home?
How in the hell did he pull such an outrageous swifty? Okay, letters have made a huge loss, due to the digital phenomenon and regulatory requirements, but Aussies who use the Australia Post package service, (it uses exactly the same infrastructure as the plain old letter) will have felt the pain.
Curiously, Australia Post’s package branch is unregulated and it charges equivalent to whatever the market will bear... and it appears the Christmas market is bearing quite a lot with competitors at a huge disadvantage failing the 4,500 outlets that Australia Post enjoys at the taxpayers’ cost.
Taxpayers have forked out billions in asset infrastructure which is now being used to rip them off!
So Australia’s richest postman, without any shareholder oversight, was able to reduce his taxable income by donating $2 million straight out of Australia Post’s bank account to his dodgy family Museum, leaving himself a lazy $800,000 bonus, to ensure a nice Xmas (a festivity he doesn’t actually recognise) on top of his $1.9 million base pay.
Bloody hell, the ABC starting to look austere!
http://pickeringpost.com/story/australia-post-s-muslim-museum-a-family-affair/4183
on 02-03-2015 01:46 PM
You miss the point of the $2 million gift.
It's a Tax deduction. His income was way too high so gives it to a cause, gets a tax deduction etc etc
you know how it goes. Or gets some benefit out of it.
02-03-2015 02:00 PM - edited 02-03-2015 02:01 PM
@daydream**believer wrote:So Ahmed Fahour runs Aust Post and claims its going broke.
Ahmed Fahour got paid $4.8mil last year and then donated his $2mil bonus to this Islamic Museum thats owned by his brother and also has his wife and sister working there. This, at the same time as firing 900 Aust post workers.
And now the Government gives this Museum another half a million?
Wow
http://iinanews.org/page/public/news_details.aspx?id=79304&NL=True#.VPPMC4Y2bzp
I don't think it was Fahour who claimed AP was going broke because it clearly isn't, as he loves to tell people.
It is a disgrace of Brandis to give half a million to this group when he's cutting more essential services, including funding to the ALS.
on 02-03-2015 02:03 PM
@daydream**believer wrote:So Ahmed Fahour runs Aust Post and claims its going broke.
Ahmed Fahour got paid $4.8mil last year and then donated his $2mil bonus to this Islamic Museum thats owned by his brother and also has his wife and sister working there. This, at the same time as firing 900 Aust post workers.
Yes, what big company directors get is obscene, especially when the companies are not doing well. But it is his money, he can do anything he wants with it. But, would you be also so upset if the director of AP was Jewish and giving half his salary to Jewish Museum, or sending it to Israel?
on 02-03-2015 02:07 PM
on 02-03-2015 02:09 PM
@gleee58 wrote:
It is a disgrace of Brandis to give half a million to this group when he's cutting more essential services, including funding to the ALS.
If the museum helps to educate community about Islam culture, and helps improve understanding between Muslim community and Australians then it would be small price to pay for reducing radicalisation of some youth.
on 02-03-2015 02:20 PM
@***super_nova*** wrote:
@gleee58 wrote:
It is a disgrace of Brandis to give half a million to this group when he's cutting more essential services, including funding to the ALS.
If the museum helps to educate community about Islam culture, and helps improve understanding between Muslim community and Australians then it would be small price to pay for reducing radicalisation of some youth.
That's true, although I was looking at the amount compared to what he has cut from other organizations.
on 29-09-2016 05:28 PM
when are we going to do something about this abusive salary of AP CEO? This has been going on for so long, are we being ruled by a tyrant? Are we that scared now? Or we so rich and comfortable that we rather not do anything about it. When are we going to troop to the streets and force the **bleep**s to get their act together. Cmon Aussies, lets make some noise.
on 29-09-2016 07:14 PM
@julianjaego wrote:when are we going to do something about this abusive salary of AP CEO? . ....................... Cmon Aussies, lets make some noise.
Yur right there mate, the sooner we get a good old white Caucasian christian aussie CEO who knows how to run a company the better
on 29-09-2016 07:43 PM
@tezza2844 wrote:
@julianjaego wrote:when are we going to do something about this abusive salary of AP CEO? . ....................... Cmon Aussies, lets make some noise.
Yur right there mate, the sooner we get a good old white Caucasian christian aussie CEO who knows how to run a company the better
Someone like Clive Palmer, perhaps.
on 29-09-2016 07:55 PM
whats bondy doin? or Christopher Skase? guys who knew how to ruin, oops....run aussie businesses!