||Issue No. 285||14 October 2005|
Howard’s Secret War
Interview: Under Fire
Politics: And the Winners Are ...
Economics: The Common Wealth
History: Walking for Justice
International: Deja Vu
Legal: The Rights Stuff
Review: That Cinderella Fella
Poetry: Is Howard Kidding?
The Locker Room
Hooray for Robots
Good Guy Done Bad
Usual Suspects Bite Employers
The Business Council of Australia, headed by a group of multi-millionaires, confirmed, last week, it had asked member companies to cough-up, so it could counter the ACTU's $8 million advertising campaign.
The Business Council ads will run in support of federal government's $100 million publicity spend.
The BCA is an aggressive backer of individual contracts; award stripping; removing unfair dismissal rights and taking minimum wage claims away from the AIRC - all core planks in Workplace Relations Minister, Kevin Andrews', program.
High-profile members of the BCA include Wesfarmers boss Michael Chaney, Qantas chief, Geoff Dixon, BHP head Chip Goodyear, Leightons CEO, Wal King, Macquarie Bank's Allan Moss and his Commonwealth Bank counterpart, David Murray.
Their latest reported annual incomes were $6.12 million, $3.022 million, $6.4 million, $35 million, $18.5 million and $5.5 million, respectively.
While average fulltime Australian incomes have moved 26 percent since 1998, the Business Council elite have helped themselves to average 129 percent hikes, over the same period.
If new Howard Government laws succeed in holding down workers' incomes, as similar moves did in New Zealand, Business Council members can expect substantial increases in their "earnings".
Most collect sizeable bonuses on top of seven-figure base salaries.
King, for example, collects a $23 million bonus, this year, while Commonwealth Bank shareholders supplied Murray with a $17 million retirement package.
A Business Council spokesman said, once workplace change was achieved, the organisation would launch a campaign for lower tax rates on business and high-income earners.
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