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Issue No. 318 03 August 2006  

Don't Bank on Costello's Oil Shocker
Did the economy slip on a banana skin or an oil slick?


Interview: A Life And Death Matter
Macquarie Street and Canberra are squaring off over safety in the workplace, NSW Minister for Industrial relations, John Della Bosca, explains what's at stake.

Unions: Fighting Back
When John Howard's building industry enforcer started threatening people's homes, one couple hit the road. Jim Marr met them in Sydney.

Industrial: What Cowra Means
The ruling on the Cowra abattoir case highlights the implications of the new IR rules, according to John Howe and Jill Murray

Environment: Scrambling for Energy Security
Howard Government hypocrisy is showcased in its climate change manoeuvring, Stuart Rosewarne writes:

Politics: Page Turner
A new book leaves no doubt about whether the faction came before the ego, Nathan Brown writes.

Economics: The State of Labour
The capacity of the state to shape the political economy and thus improve the social lives of the people must be reasserted, argues Geoff Dow.

International: Workers Blood For Oil
A new book by Abdullah Muhsin and Alan Johnson lifts the lid on the bloody reality of US backed democracy for Iraq's trade unions

History: Liberty in Spain
Worker Self-Management is good management. The proof in Spain was in Catalania, Andalusia and continues in the Basque Country, as Neale Towart explains.

Review: Go Roys, Make A Noise
Phil Doyle thought he'd find nostalgia, but instead Vulgar Press' new book, Maroon & Blue is a penetrating insight into the suburban mind under stress.


 Ah, Sol

 Telstra Contractors in Bush Raid

 Spooks Go “Nuclear”

 Drivers Under Attack

 Stacks on the Hill

 Advertising Works

 29 Face Secret Interrogations

 Bureaucrats Sit on Wages

 Blue Mountains Fit Through Loophole

 G Spot for Rally

 Chalkies Give WorkChoices An F

 Howard Base Shaky

 Deaf Workers Lose Voice

 Canberra Scratches WorkChoices Handicap

 MUA Hungry for Change

 Vanny Changes Story

 Activists What's On


The Locker Room
Ruled Out
Phil Doyle plays by the rules

Tommy's Apprentice
Chapter One - Tommy and "The Boy"

Westie Wing
Ian West wonders what might happen if the NSW Coalition actually did win power next March at the State elections.

 Bussies Are Tops
 What Was He On About?
 Belly On Balance
 Help Wanted
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Ah, Sol

The American determined to sack 12,000 Australians and flog publicly-owned Telstra, trousered a $95 million payout from a previous job.

Revelations of Sol Trujillo's massive go-away deal, in the Rocky Mountain News, have shocked shareholders of US telco Qwest.

According to the paper, Trujillo stepped down as CEO of US West after its June 2000 merger with Qwest Communications, taking with him a $US 72 million package.

Trujillo's golden parachute included:

- a $36.9 million merger payment,

- a $10 million reward for signing the agreement,

- a $13.7 million pension payment, 2 million stock options,

- a $5.5 million corporate jet allowance for three years,

- $2 million worth for office space and administrative support, plus nearly $1 million in perks - including memberships at exclusive country clubs and limousine services.

Details of the package were discovered by a Denver attorney investigating the company on behalf of aggrieved shareholders.

CPSU national secretary Stephen Jones says the payout is "mind blowing" and "way out of step with community standards"

"I think most Australians would see this kind of payout as quite offensive. That money had to come from somewhere.

"Even in the heady world of executive payouts, Sol's golden handshake is shocker."

It is understood Trujillo is paid around $3 million year at Telstra - about 60 times the average Telstra worker's salary. If he walks, willingly or unwillingly, he pockets at least another $3 million with the potential for vastly more in unknown share options.

In a statement the company acknowledged Trujilloi was "a wealthy man not in need of a full-time job... the fact that he chose to accept this 24/7 job on the other side of the world away from his family demonstrates his commitment to transforming Telstra."

His plans for transforming Telstra include the shedding of at least another 12,000 jobs over the next five years.

In latest trading Telstra shares slipped 4c to $3.89.


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