CEOs In Australia Have Got It Really Good

What really jerks my chain is not so much the high pay for a CEO, but how it rises 70% in one single year. Is he going to be working 70% more this year than last year? Considering the middleclass (e.g. you and I) are happy with 2% to 4% a year, it is just a massive leap. If we split the difference and earned a 3% pay rise each year, it would take us 18 years to go up by 70%!

By the way, if our friend, Alan was able to convince the Qantas board to keep up this 70% year in and year out for the next ten years, he would be on $592 million dollars a year or $1.62 million a day. So there might not be jobs for anyone at Qantas, as all their money would be going to pay one man's salary.

I just wanted to prove to you just how big a pay rise 70% really is. But if by some miracle he could keep getting a 70% pay rise each year for the next 18 years (the same time it would take most middleclass people to just catch up with his first year's pay rise in percentage terms). Would you believe he would be on $41 Billion a year? Of course this could not happen, but I bet there were people only 15 years ago who thought the idea of an airline CEO in Australia being on 5 million a year would never happen!

Just something for you to think about...