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Thread ID: 138049	2014-09-28 20:41:00	NZ's Top Pay Packet	bk T (215)	PC World Chat

Post ID	Timestamp	Content	User
1384916	2014-09-28 22:26:00	$4.1Million ? That's nothing, Telecom chief executive Paul Reynolds was paid $5.2 million three years ago, and got about another $10 million when he left. :clap www.stuff.co.nz	Terry Porritt (14)
1384917	2014-09-28 23:20:00	- - but Ace EO Reynolds had the responsibility of keeping up the standards set by Sister Teresa Gattung to ensure that the Telco continued to be NZ's most competent, efficient, loved, and respected business entity. ;) :help:	R2x1 (4628)
1384918	2014-09-29 01:10:00	I seriously wonder why they need so much money for? They don't.	Agent_24 (57)
1384919	2014-09-29 01:31:00	Are you saying that a communist society would be better where everybody is equal no matter what their job, although some are more equal than others... Also, why should the situation be changed? I said nothing of the sort, I was not commenting on what we should or shouldn't do. I just made the comment that it would take a fundamental change, and it would. If I had to try and come up with a better system I would most definitely screw it up. Nobody has got it 100% right yet and we could argue endlessly about who came the closest. Is it right that some people can buy their own islands while others can't buy groceries? If someone lacks the talent or drive to support themselves do we wash our hands of them and let natural selection do it's thing? I don't know the answers but surely it's worth asking the question occasionally. I think a good thing about western society is that however screwed up and unfair it might seem we all of us have the chance (if incredibly unlikely and depending on skill) to become that overpaid b@$tard and live the high life. I think most of us would not like it if being rich was not allowed.	dugimodo (138)
1384920	2014-09-29 01:38:00	I said nothing of the sort, I was not commenting on what we should or shouldn't do. I just made the comment that it would take a fundamental change, and it would. If I had to try and come up with a better system I would most definitely screw it up. Nobody has got it 100% right yet and we could argue endlessly about who came the closest. Is it right that some people can buy their own islands while others can't buy groceries? If someone lacks the talent or drive to support themselves do we wash our hands of them and let natural selection do it's thing? I don't know the answers but surely it's worth asking the question occasionally. I think a good thing about western society is that however screwed up and unfair it might seem we all of us have the chance (if incredibly unlikely and depending on skill) to become that overpaid b@$tard and live the high life. I think most of us would not like it if being rich was not allowed. Good answer.	Webdevguy (17166)
1384921	2014-09-29 05:39:00	Though 4 - 5 mil is low compared to some US CEO'S/Vice President's or what ever they are called. I recall Lee Iacocca remuneration was over US 25 mil several years back.	kahawai chaser (3545)
1384922	2014-09-29 07:35:00	Though 4 - 5 mil is low compared to some US CEO'S/Vice President's or what ever they are called. I recall Lee Iacocca remuneration was over US 25 mil several years back. He is responsible for turning GM around. He took a $1 salary in his first year. He is also responsible for the classic Ford Mustang which was released in about 1960. His book is well worth reading.:thumbs:	Webdevguy (17166)
1384923	2014-09-29 10:28:00	Simple jealousy of those who earn more . Why not just go all the way & have everyone on the same wage . . . . . wait wasn't that tried before, and failed :-) No I don't think so . Even Soviet Russia had different wages for doctors and high end managers, but those wages were 1/5 of Europe which at the time (60s-80s) had much lower wages than today . We employed a Russian gymnastics coach and his family lived in poverty here - NZ was so expensive . In Russia he taught at a University, owned a BMW, and had a summer dacha (crib/bach) . But the Mafia controlled the streets at home and NZ was a safe place to begin a new life however hard . Why not compare NZ avg wages to those in 3rd world countries & make the same conclusion , ie we are all paid too much . we should all be ashamed at our wages when 3rd world workers get $5 a day . Yet do you offer not to be paid your wage & offer to spread MOST of your wages around to those in 3rd world countries . If not isnt that a bit hypocritical ? If you get paid $60K or even $80k would you say, no thats too much when the cleaners only get $25K . Would you then offer to give 1/3 of your pay to the cleaners ? Why not, since you say thats what the top earners should do . This is why he was paid so much "He guided the ANZ's New Zealand profit to $1 . 37 billion in 2013 - up 4 per cent . " You make a compelling point . Personally I have donated to a child welfare fund for 25 years . I have also paid my way to a Habitat For Humanity aid project in India which was a life-changing event . Recommended .	Winston001 (3612)
1384924	2014-09-29 20:42:00	Other than replacing their Porsche every month and the like, I seriously wonder why they need so much money for? Any thing more than half a million will just be a bank account figures - nothing more than that! They are of no physical use any more. Probably they just enjoy seeing the number of zeros increasing! You really think there's no use for more than $500k/year income, other than to sit in the bank? Think again ;)	inphinity (7274)
1384925	2014-09-29 20:47:00	You really think there's no use for more than $500k/year income, other than to sit in the bank? Think again ;) No good use, unless they are giving it away to charity or something. After a certain income level, you have what you need to live well, anything beyond that is just greed and unnecessary.	Agent_24 (57)
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