Author's Opinion

The views in this column are those of the author and do not necessarily reflect the views of iTWire.

Have your say and comment below.

Wednesday, 30 May 2018 11:25

NBN Co: pay is hardly a reflection of performance

By

The news that the staff at NBN Co are paid handsomely from the public purse comes in the same week that a study showed chief executives' pay in the US to be up to 5000 times that of an average worker in the companies they headed.

It is symptomatic of the era of greed that we live in, an era when people really have lost their sense of shame.

First reported in The Australian, the figures showed 2% of NBN employees, or 120, took home about $300,000 yearly while the chief executive Bill Morrow managed to get by on $3.56 million.

Eight percent of staff, or more than 480, were paid more than $200,000.

How are these fancy wages justified? Well, as far as NBN Co was concerned, it paid out sums like these because it was recruiting the best people.

You would think that that would be reflected in their work, wouldn't you? At least to some extent? Find me a dozen random people who are happy with what NBN Co has wrought in this big, brown land and I will stop complaining.

If we assume that the average NBN Co employee is paid $100,000, then Morrow takes home something like 35 times an average employee's pay.

Which puts him much below the titans of the game who are in the US, his home country: 225 companies were surveyed and in 188, the chief executive's pay could be used to pay more than 100 workers. And at 219 of those companies, the average worker would need to work 45 years to make one year's wages paid to the chief executive.

If NBN Co spent less effort on spin and activities that have little relevance to its prime task - rolling out the best broadband network possible under the existing constraints - one doubts that anyone would fault them for being paid princely amounts.

But the main activity of everyone from Morrow downwards seems to be the disclaiming of responsibility - and that extends even to the TV ads they run.

As the years tick by and the end of the rollout nears, one can be sure that bonuses will also be paid to these superlative workers for their accomplishments.

And what of Morrow? One is pretty sure that he will hang around in Australia after he finishes up with NBN Co, looking for the next company where he can continue his exceptional leadership. Telstra beckons.

DIGITAL MARKETING HAS NO SOCIAL DISTANCING OR TRAVEL RESTRICTIONS

As part of our Lead Machine Methodology we will help you get more leads, more customers and more business. Let us help you develop your digital marketing campaign

Digital Marketing is ideal in these tough times and it can replace face to face marketing with person to person marketing via the phone conference calls and webinars

Significant opportunity pipelines can be developed and continually topped up with the help of Digital Marketing so that deals can be made and deals can be closed

- Newsletter adverts in dynamic GIF slideshow formats

- News site adverts from small to large sizes also as dynamic GIF slideshow formats

- Guest Editorial - get your message out there and put your CEO in the spotlight

- Promotional News and Content - displayed on the homepage and all pages

- Leverage our proven event promotion methodology - The Lead Machine gets you leads

Contact Andrew our digital campaign designer on 0412 390 000 or via email andrew.matler@itwire.com

CONTACT US!

LAYER 1 ENCRIPTION A KEY TO CYBER-SECURITY SOLUTION

Security requirements such as confidentiality, integrity and authentication have become mandatory in most industries.

Data encryption methods previously used only by military and intelligence services have become common practice in all data transfer networks across all platforms, in all industries where information is sensitive and vital (financial and government institutions, critical infrastructure, data centres, and service providers).

Get the full details on Layer-1 encryption solutions straight from PacketLight’s optical networks experts.

This white paper titled, “When 1% of the Light Equals 100% of the Information” is a must read for anyone within the fiber optics, cybersecurity or related industry sectors.

To access click Download here.

DOWNLOAD!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments