F2 Anonboard :: Profits drop 1.5% yet CEO gets 200% pay rise? That's what's wrong with USA!

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Profits drop 1.5% yet CEO gets 200% pay rise? That's what's wrong with USA!

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Posted 11/18/2011 8:55 pm

http://www.news.com.au/business/gloves-off-at-ansell-over-pay-packages/story-e6frfm1i-1226169265676

http://www.youtube.com/watch?v=8mkKLSmJy-w

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Posted 11/18/2011 9:00 pm

wwwaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
\
:lib:

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Posted 11/18/2011 9:04 pm

Workers are truly powerless before the mighty Job Creator.

:digtbk:

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Posted 11/18/2011 9:06 pm

Good thing the company didn't completely tank, or they'd have had to buy him his own island.

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Posted 11/18/2011 9:10 pm

How does this stuff work, if i screwed up I'd be happy to just keep my job, never mind a 200% pay rise?!?!

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Posted 11/18/2011 9:14 pm

. said:How does this stuff work, if i screwed up I'd be happy to just keep my job, never mind a 200% pay rise?!?!

They justified by saying CEO's of major competitors were being paid that much, so they should as well. Just you know...because.

Redonkulous!!!

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Posted 11/18/2011 9:16 pm

If Ansell was not able to match the pay levels among its competitors, it would start going backwards, he said.

/
does that mean the ceo would leave? then why did he join in the first place at this package?

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Posted 11/18/2011 10:20 pm

this is the 1% club protecting each other

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StudioAudience
♥

1257 posts

Posted 11/18/2011 10:22 pm

anyone with shares or a 401k mutual fund should be out protesting OWS.

It's this kind of shit. Basically transferal of wealth away from the middle class to a few rich players.

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Posted 11/18/2011 10:37 pm

. said:wwwaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
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And you're perfectly OK with this, Otis?

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Posted 11/19/2011 8:16 am

If you google a bit you can read that the new CEO has only been there a year or two. If they'd have put such a higher sum of money in the market in the first place, wouldn't they have been able to get a much more qualified person in the first place?

Just don't understand how this kind of stuff works. I'm a 99%er i guess...

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Posted 11/19/2011 8:19 am

The US-based chief executive of the gloves and condoms maker, Magnus Nicolin, defended the tripling of his pay packet to $3.5 million, saying it was benchmarked against peers.

Did they also benchmark it to cheap Chinese CEOs?

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Posted 11/19/2011 8:20 am

Instead of whining & complaining, you should go get a job as a CEO.

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Posted 11/19/2011 8:21 am

Except that it's an Australian company.

Oz is probably most like the USA of any other country.

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Unregistered

Posted 11/19/2011 8:28 am

. said:Except that it's an Australian company.

Oz is probably most like the USA of any other country.

Canada?

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mumbo_jumbo
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6324 posts

Posted 11/19/2011 8:36 am

. said:this is the 1% club protecting each other

you are 100% correct!!

The US-based chief executive of the gloves and condoms maker, Magnus Nicolin, defended the tripling of his pay packet to $3.5 million, saying it was benchmarked against peers.

TRANSLATION: we all sit on various other boards of those 'peers' so because they are overpaid i should be too!

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mumbo_jumbo
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6324 posts

Posted 11/19/2011 8:38 am

. said:Instead of whining & complaining, you should go get a job as a CEO.

it's not whining and complaining you sheople!

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.
Unregistered

Posted 11/19/2011 8:40 am

. said:
. said:wwwaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
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And you're perfectly OK with this, Otis?

Sure, success is not luck, it's a choice you make.

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Posted 11/19/2011 8:42 am

mumbo_jumbo said:you are 100% correct!!

The US-based chief executive of the gloves and condoms maker, Magnus Nicolin, defended the tripling of his pay packet to $3.5 million, saying it was benchmarked against peers.

TRANSLATION: we all sit on various other boards of those 'peers' so because they are overpaid i should be too!

I bet board compensation will also be going up soon then. I scratch your back, you scratch mine.

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Posted 11/19/2011 8:58 am

How did they determine his starting salary then? Wasn't that benchmarked against peers in the first place?

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Posted 11/19/2011 10:09 am

. said:this is the 1% club protecting each other

this is a lot like how the Jews protect each other

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Posted 11/19/2011 10:18 am

Nancy Mosher CEO Planned Parenthood $337,000
Brian A. Gallagher CEO United Way $1,200,000
Anthony Romero Executive Director ACLU $329,206
Caryl Stern CEO United States UNICEF $475,000

shouldn't these people be working for a blue collar wage or better yet minimum wage?

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Posted 11/19/2011 11:36 am

Just made a note for myself: will be asking my boss for a 200% pay rise on Monday!

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Unregistered

Posted 11/19/2011 11:36 am

. said:Nancy Mosher CEO Planned Parenthood $337,000
Brian A. Gallagher CEO United Way $1,200,000
Anthony Romero Executive Director ACLU $329,206
Caryl Stern CEO United States UNICEF $475,000

shouldn't these people be working for a blue collar wage or better yet minimum wage?

475k is minimum wage in NYC...

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Posted 11/19/2011 12:05 pm

. said:Just made a note for myself: will be asking my boss for a 200% pay rise on Monday!

Let us know how it goes:)

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