Controversy has raged around the five million dollars in salary and bonuses paid to the Chief Executive of Australia Post and the ridiculous manner in which those who were responsible tried to hide their stupidity.

Clearly, there is something wrong when the CEO of a Government Corporation is paid nine times that which is paid to his boss, the Prime Minister. Eye brows also rise when that CEO buys a home for around twenty million dollars and then spends five million renovating it. The underpaid postmen out on the beat in hot weather were somewhat less than impressed.

But, it did give the leaders like Wayne Swan an excellent platform to relaunch their much needed drive to have inequality taken seriously by politicians, voters and economists.

The Board of Directors of Australia Post is clearly to blame, absolutely out of their depth. Their Chairman is a politician with no business experience who was given a ‘job for the boys’ when his political career abruptly ended. Quite obviously, that type of political appointment must cease as it is of absolutely no value to Australia. Continue reading “THE MONEY MYTH” →