Calls For Auspost Boss To Get Sack

[icyfroth]

As Australia Post faces its first full-year loss in 30 years, there are calls for its chief executive Ahmed Fahour to stand down.

This comes as the Abbott government is expected to announce a reform package – within weeks – designed to help arrest the falling financial performance of Australia Post, which on Monday announced a 56 per cent drop in half-yearly profit.

The nation’s postal service recorded a first-half profit of just $98 million, with the dive driven by mounting losses of $151 million in its letters business.

“We’re at a crisis point,” Mr Fahour told Fairfax Radio.

With the proposed reforms, Australians could face exorbitant postal costs and slower mail.

Mr Fahour, whose annual salary is $4.8 million, says this would counter the financial issues.

The US Postmaster General’s wage is a mere $511,000.

Printing Industries Association of Australia chief executive Bill Healey, who is part of the industry union, doubts Mr Fahour’s ability as Australia Post’s top dog.

“I think you have to question whether a banker who has been second in charge at major bank, is the best person for the job at a customer and logistics service,” Mr Healey told The New Daily.

“It’s not up to us as a group to question when the government appoints these positions – but it may be time for someone with a different approach and a different background to try and take charge.”

Meanwhile, Australian senators this week criticised Mr Fahour’s company’s handling of stakeholder consultation as it undergoes major restructuring in the Senate estimates.

Entire Article Here

If postage keeps going up, like $1 for a postage stamp, how will it affect parcel post and those with online business?

[lind9650]

AP letter post down 15%

AP parcel post up  21%

and more and nore on line shopping will be the future.

So how can they claim to loose on profit?

BTW, is any CEO worth $5 million annually? For the shareholders perhaps, but not for the average customer. It's the little man and woman that hve to contribute to those kind of salaries.

Becuse CEOs in bg companies earn much more than any politicians, they can manipulate the way the country is regulated. Change laws and by-laws, give permits to exploit and plunder. Yep, big money rules the world.

Erica

[vicr3000]

Yep, if you want to know why something is done,
follow the money !

[donnashuggy]

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@lind9650 wrote:

AP letter post down 15%

AP parcel post up  21%

and more and nore on line shopping will be the future.

So how can they claim to loose on profit?

BTW, is any CEO worth $5 million annually? For the shareholders perhaps, but not for the average customer. It's the little man and woman that hve to contribute to those kind of salaries.

Becuse CEOs in bg companies earn much more than any politicians, they can manipulate the way the country is regulated. Change laws and by-laws, give permits to exploit and plunder. Yep, big money rules the world.

Erica

---

Not ones that do not listen to their customers. That whole conversation thing is a joke

[wilk1149]

Australia post separated the two a couple of years ago knowing one was heading towards loss and the other huge profit. Part of the plan in case they want to privatise the money making parcel post.

[gleee58]

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@vicr3000 wrote:

I did leave the name out.

You attrubuted it to someone else, using the name they use on the forum.

I do love it when you get all hot and bothered, it makes my day

---

Really? Are you that far removed from the truth?

Your post:

Richo must have taken a lesson from POLKS 

[vicr3000]

Got you going though, didn't it LOL

[gleee58]

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@vicr3000 wrote:

Got you going though, didn't it LOL

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Not likely, little boy.

[debra9275]

Some of these CEO's are getting paid too much, no wonder companies struggle to make a profit, the CEO's are bleeding them dry. Nothing was learnt during the GFC. I suspect that we'll see AP sold off in the future, perhaps they are preparing for that.

[serendipityricho]

Glee-was no snide remark in my post-and i dont need my name printed in red

  from a post i had nothing to do with.

Am  have you or anyone you know ever visited the..islamic museum

or plan to---i havent and think most of the public-wont bother,

It was a donation  to big note himself to his ethnic community..........................................Richo...

[gleee58]

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@serendipityricho wrote:

Glee-was no snide remark in my post-and i dont need my name printed in red

  from a post i had nothing to do with.

Am  have you or anyone you know ever visited the..islamic museum

or plan to---i havent and think most of the public-wont bother,

It was a donation  to big note himself to his ethnic community..........................................Richo...

---

I didn't accuse you of any snide remarks or print your name in red.

Sorry, for pinking your name in the quote I copied from another poster.   I should have removed your name.  I do apologise for not.