@gallagher said in [GREENBERG GONE\.\.\.\.\.](/post/1145297) said:
That's an obscene salary.
IMO its too cheap. Greenberg is totally the wrong guy to receive it, but the CEO of the NRL should be getting more than Greenberg was getting, but the CEO of the NRL should also earn that and be worth that.
That was always the problem when they appointed Greenberg. He had no qualifications or experience and the NRL shopped in the bargain bin hopeing to get value. They didnt. I hope they dont make the same mistake again.
Not sure Im explaining myself properly. The CEO of theNRL should be getting more than Greenberg was receiving, but there is no one within RL worthy of that money.
I think $1.2 mill is obscene for any job.
A CEO position is a tool in the business (insert Greenberg joke here). His role is to grow the business and make money and as a result his salary should reflect that success.
Take Alan Joyce for example. I cant stand him personally (due to his injecting his own politics into the business and poor treatment of pilots and other employees) but he is a great example of the benefit of re-imbursement of CEO's. His base salary is $2M. last year he received $23M. On the face of that you could say the same as you said before that no one is worth that, obscene etc but he turned QANTAS around from constant loss making into last year a profit of $1.3B. Compared to that $1.3B, let alone the turnaround (when you take the losses into account) that $23M is loose change. Of course the natural thought and reaction is how can he be worth $23M when his employees are getting $50-$60K or whatever, but because of his $23M, 25,000 people have a job, that they might not have otherwise. If you dont pay Joyce that amount, some other company will and potentially, the company doesnt get turned around.
That is the problem, for $1.2M, many of the top potential candidates would not take on the NRL role and you get grifters like Greenberg.
I get that its a free market and people will get paid whatever someone is willing to pay them. Don't begrudge them either. I just hate that we've got to this stage where people get that sort of money when others are on minimum wage. As soon as this hit employees were stood down immediately, its disgusting.
What the hell would you do with that sorry of money?