Now the ACC truth comes out

[Brian d marge]

Meh. He is in charge of billions of dollars worth of assets, a large and complex organisation with many staff and responsibility.

A lot of you are carrying on as if $790k is a lot of money for a CEO. It just isn't. Get over it.

And it is a corporation, it does have shareholders: the shareholder is the Minister, i.e. your representative whom you voted in.

Never understood this argument , if a company makes 10 dollars and pays the boss 2 then there is only 8 to run the company

This "neo economics " is a load of crock

Make acc a Government dept , with bureaucrat salaries

It wasnt broken no need to have fixed it ,,,,

Stephen

[Gremlin]

Meh. He is in charge of billions of dollars worth of assets, a large and complex organisation with many staff and responsibility.

A lot of you are carrying on as if $790k is a lot of money for a CEO. It just isn't. Get over it.

That part I get, you have to pay to attract the right skills.

However, ACC has had one issue after another, nothing seems to be finished and dealt with... that pay packet also comes with responsibilities...

[HenryDorsetCase]

That part I get, you have to pay to attract the right skills.

However, ACC has had one issue after another, nothing seems to be finished and dealt with... that pay packet also comes with responsibilities...

He is responsible to his employer, the Minister.

Clearly, the Minister is happy with his performance.

And since the Minister is the delightful, the competent, the ever-insightful and brilliant Judith "Crusher" Collins, then I think we can all be rest assured our money is in good hands. Why just knowing these two are in charge, I am volunteering to pay $1000 a year to register my motorbike, because they're worth it.

OK that last part is a stretch. But you get my point, right? To labour (geddit) that point, it is that your ire MUST be directed appropriately, at your elected representatives. I say "your" because I sure as shit didnt vote for them.

[imdying]

Nothing wrong with that.

We could of course have people worth $37000 PA running this large entity. Would you be happy with that? If not, what level would you be happy with? You're qualified to decide that? No, that's right, you're not!

[imdying]

Never understood this argument , if a company makes 10 dollars and pays the boss 2 then there is only 8 to run the company

Because a 10 cent boss can't make 10 dollars for the company (if he could, he'd be looking for a job that paid $2 wouldn't he....)

[Murray]

I re-iterate

330 on more than $100k, 29 on $200-$400k, 10 on more than $500k 1 upto $820k and another on $760k and then the CEO

Did the 29 on $200-$400k work out the figures Dick Smith got or what do they do to earn their money

[HenryDorsetCase]

I re-iterate

330 on more than $100k, 29 on $200-$400k, 10 on more than $500k 1 upto $820k and another on $760k and then the CEO

Did the 29 on $200-$400k work out the figures Dick Smith got or what do they do to earn their money

bad example. Dick Smith is insolvent and on the market for sale......

[Murray]

bad example. Dick Smith is insolvent and on the market for sale......

True but I somehow can't call such a tosser by his real name - should have read Minister of ACC that told all the porkie pie lying figures to increase Bike registrations, the Honorable Dr. Dickhead Nick Smith.

[Brian d marge]

Because a 10 cent boss can't make 10 dollars for the company (if he could, he'd be looking for a job that paid $2 wouldn't he....)

and if the only jobs out there paid two dollars , he would have to take that Job. the pay for the best doesnt wash , sure you need to pay attractive rates i,e we all make 50 , attractive would be topping out at 100 , not 750.

Stephen

[Usarka]

It takes money to cut money.

[jafar]

And what about the rest of the staff being paid big bucks????

330 on more than $100k, 29 on $200-$400k, 10 on more than $500k 1 upto $820k and another on $760k and then the CEO

Seems like typical corporate pay structures to me, why would you pay the big cheese good money & have his leutenants paid peanuts? You won't get good managers for low salaries,they will go somewhere else that will pay them more, simple as that.
Get the best people for the job by paying them what they are worth & have a strong management team sorting through the problems the organisation has would seem to make good sense. ACC was a mess only a few years ago, now it is running at a profit & is paying a dividend to its shareholders (thats us). In the last few months ACC levies for companies have come down. That on its own would suggest that the place is better than it was.

[Brian d marge]

Seems like typical corporate pay structures to me, why would you pay the big cheese good money & have his leutenants paid peanuts? You won't get good managers for low salaries,they will go somewhere else that will pay them more, simple as that.
Get the best people for the job by paying them what they are worth & have a strong management team sorting through the problems the organisation has would seem to make good sense. ACC was a mess only a few years ago, now it is running at a profit & is paying a dividend to its shareholders (thats us). In the last few months ACC levies for companies have come down. That on its own would suggest that the place is better than it was.

are these people "magically" gifted or something

Acc was running quite well untill the "idealistics" started tinkering. If I remember all it neaded a few years ago was a 1c increase in tax to cover itself ...( dont quote me twas a few years ago)

600 buck for a year ...stone me

Stephen

[madandy]

I agree that this buiness model is working though it will need more time to sort all the crap.
Only oncethe whole country is run like a business, profitably can we share out those profits to those who contribute least.
Those who can afford need to pay more and there are some shocking examples of Tax avoidance and evasion which are far more serious than these salaries being paid.

A few hundred grand here & there aint worth crying about when it takes BILLIONS to prop up the Nation.

[ukusa]

so $51,150,000 is utilised to pay the top 330 ACC employees. Not sure what the average ACC levy is (based on ratio of bike cc's), but if they averaged $400/year each, that would make 127,875 annual bike regos just to pay the top 330 salaries.

Hmmmm

[bogan]

If you're paying people to tank the company, they deserve a raise right? In fact, giving them a raise helps to tank it, so it'd be silly not to!

Theres a lot more going on here than simply running ACC with great efficiency and discretion (or failing to do so I should say).