Wednesday, April 30, 2014

Mark Powell, The CEO Of New Zealand's Largest Retailing Group Says His $1.7 Million Salary Is Ridiculously High...

Finally a CEO has the guts to come out and admit that his salary of $1.7 million is a ridiculous amount. And it troubles him.
And he gives a lot of his money to charity.
And he drives a second hand car.
His frank admission doesn't mean that his workers who're paid about fifty times less are going to earn big money anytime soon but at least Mark Powell, CEO of the Warehouse Retailing Group may have started a move toward some sort of more equal pay ratios.
As the rich get richer in New Zealand, as in other countries, and the poor keep getting poorer, the levels of resentment aren't the only things
that are rising.
Mortgage rates have just risen which will make it even harder for the average family to ever own their own home but the CEO of New Zealand's largest bank, David Haslo of the ANZ who's on a salary of $4.1 million will just stifle a yawn and carry on with his knitting...


  1. Good for him. A man only needs so much money.

  2. Is this the negative face of capitalism? Everybody said things would be different after 2008 but it doesn't look like it. Shame New Zealand can't do better.

  3. I am so pleased to see this. Income disparity is a social scourge, I hope New Zealand will do better. Just gotta vote the left enough.

  4. All politicians are piranhas.All CEO of banks are leaches. They all say we are only doing this besause our stock holders whant us to maximize our profits. BULL Shuit.

  5. I've been following a blog of a group called "Doing It Ourselves" from New Zealand. Check it out. It's awesome.

  6. With respect to David Haslo: I share a quote I saw somewhere else: "This man deserves the right to live the life he chooses. How he chooses. Just as anyone of us do..."

    1. You are quite right Horahora. We all have the right to choose how we live...

  7. Too much wealth getting sucked up to the top and draining dry the plebes beneath was also characteristic of the late Roman Empire during its declining phase. It's those on the bottom who support the increasing weight up top, and eventually... Well, history has many examples of what eventually happens.