Comments on: People without shame

By: Anonymous

Anonymous — Wed, 04 Jun 2008 21:51:00 +0000

Actually, of a number of the big payouts that have been received lately, I think this one is probably one of the most justified.

Alan Moss didn't get paid out because things have gone badly. He got paid out because he did well. And because he did well, a great number of investors, clients and others also did well.

Sure, slam 'golden handshakes' that are given to executives who screw up, but don't complain about people being rewarded for doing their job well.

I think if you compared the benefit Alan Moss brought to Macquarie Bank to that payout, $80 million is small change.

By: Anonymous

Anonymous — Wed, 28 May 2008 18:03:00 +0000

With executive salaries and bonuses linked to profit and share price it's no wonder their focus is on squeezing every dollar they can out of customers.

With thousands of Australians losing their homes due to rising interest rates that many banks have set above the reserve bank official rate, I dearly hope these executives have troubled dreams.

By: Jo

Jo — Wed, 28 May 2008 06:13:00 +0000

But salaries these days are obscene. Look at what they pay football players (US or UK) We remember when the top British football (soccer) player, Sir Stanley Matthews, got £8 a week. Now they get millions. I have a friend who would argue top government, CEOs and such should get paid well to attract the best, but someone should have put a ceiling on it long ago. I can look around me and see people who are struggling on pensions whilst these people are “suffering” under the burden of so much money and Canada is a comparatively wealthy country.

By: Anonymous

Anonymous — Tue, 27 May 2008 22:29:00 +0000

No need to feel sorry, as he won't be losing anything. Alan Moss of course is married to the NSW ex-parlementarian Irene Moss, who has quite a generous salary of her own (just googled her, but I can't get an answer on what she's doing now). They've never had the time for children (maybe you do need to feel sorry after all).

My other half worked for Mac Bank for a bit last year and from his accounts I can confirm they are indeed money-grabbing bastards.

By: Andrew Macrae

Andrew Macrae — Tue, 27 May 2008 21:34:00 +0000

I feel sorry for them. Imagine the pressure of living with that much wealth. Imagine how scared they must be, even unconsciously, of the possibility of losing it all.