Wednesday, November 07, 2007
and completely unrelated to sex...although it is fucked...
Amazingly prominent on the front page of yesterday’s SMH (aka…the-rag-formerly-known-as-a-newspaper), mixed in with the hard-hitting stuff on Ben Cousins’ rehab drama, Brittney’s custody drama and some Bollywood cunt’s fan-mail drama…was a not-too-insignificant piece (of public-relations-issued-drivel) concerning our beloved ‘Telstra’ and their hard-working executives.
It seems that a measly 66% of shareholders think the company executives are a little too well-rewarded for their steering of the corporate ship into historically shallow waters.
We know this because they held a vote on the subject.
Sadly for the 2/3 of the voters who told the executives to jam their ginormous bonuses up their collective asses, this was a ‘non-binding’ vote, which is to say it was not really a vote at all.
It was a sham.
‘Telstra chairman Don McGauchie said The Board was very disappointed by the vote…’
However, since it was a non-binding vote, they would get over the disappointment and get back to gouging the shareholders, buying boats and making poor business decisions.
‘He said the board would carefully analyze the figures and give them full consideration in future remuneration planning.’
However since they were non-binding figures, The Board would eventually just do the same thing again next year since there was fuck all anyone could do about it anyway.
‘He said Telstra's board believed the remuneration plan was fair and reasonable and would not have proposed it if it did not.’
Which is also a fair and reasonable assessment of their supreme arrogance and explains why they get the big bucks and you, the shareholders, get falling stock-prices and non-binding voting rights, you silly cunts.
So, basically fuck you all very much for buying our stock, now let us get back to ripping you off and you can get back to the Ben Cousins’ Story…