Pacific Brands sackings/executive pay increases

[GumbyLearner]

ROFL............hahahahaha ok buy these jocks at $8 and dont buy the exact same ones next to them made in China for $5, wow market your way out of that one smarty pants.

The only reason they are in Australia at all is Govt grants, wake up.

Mr.Burns if that's as clear-cut as you say, then why are we indirectly paying these retards millions in executive remuneration.
Wake up

 

[Struzball]

The 60 minutes interview last night was one of the worst interviews I've ever seen. She forced words into Morphets mouth and clearly sided with the factory worker who lost her sewing job.

I say congratulations to Morphet for being forward thinking to keep the company (and thousands of jobs) alive.

 

[MrBurns]

Mr.Burns if that's as clear-cut as you say, then why are we indirectly paying these retards millions in executive remuneration.
Wake up

We arent paying them the company is, if you pay peanuts you get monkeys , look at the PM, it's not easy running a company like that it actually takes brains and hard work. If she wasnt being paid $1M plus bonuses she'd go elsewhere and you can be sure he whole comopnay would fail and the 7000 remaining workiers in this country would be out of work also.

We pay the grant to keep them here, much better for them to go elsewhere and who says they haven't got the right to do just that.

 

[MrBurns]

The 60 minutes interview last night was one of the worst interviews I've ever seen. She forced words into Morphets mouth and clearly sided with the factory worker who lost her sewing job.

I say congratulations to Morphet for being forward thinking to keep the company (and thousands of jobs) alive.

The sewing worker who lost her job is an idiot, I dont know why 60 minutes would let her on the show she's more suited to This Day Tonight and other low grade crap offerings.

 

[Struzball]

If she wasnt being paid $1M plus bonuses she'd go elsewhere and you can be sure he whole comopnay would fail and the 7000 remaining workiers in this country would be out of work also.

I had to laugh at all the old ladies milling around the factory 'protesting'.
Seriously, what were they hoping to acheive? The only thing stopping them from going and starting their own clothes making factory was having a $1M plus salary woman to manage them, i.e. the person who gave them a job in the first place.

 

[GumbyLearner]

We arent paying them the company is, if you pay peanuts you get monkeys , look at the PM, it's not easy running a company like that it actually takes brains and hard work. If she wasnt being paid $1M plus bonuses she'd go elsewhere and you can be sure he whole comopnay would fail..

I see what your saying about the PM.

What about this guy? Is he a monkey? Or just taking one for the TEAM?

 

[MrBurns]

I see what your saying about the PM.

What about this guy? Is he a monkey? Or just taking one for the TEAM?

Yeah thats the Japanese way and if they went broke he would probably fall on his sword..........literally.

I dont begrudge execs their salary after all it;s a private company they can do what they like but if they get a BAILOUT different story you get sweet FA till you pay the money back. Pac Brands wasnt a bailout it's an ongoing subsidy to keep them in the country, believe it or not $2M pa is not a lot to run a company that size.

 

[aleckara]

Good to see more and more people recognising Globalisation as the failure that it is ......

Whats even worse in a welfare state like Australia is we are borrowing from the very nations taking our jobs to pay our unemployed ..... if it wasnt so serious you would think its a joke.

What we have is not globalisation. We have a semi form of it which China has been willing to exploit for its own benefit. It's dirty dollar to me is the only reason why the world is taking its manufacturing there. That's a monetary system statistic not a product of real world dealings.

In a protected society yes we would have inferior products. But we would improve the quality of products at a pace that we can afford without borrowing. The market would grow with our real GDP, not just with our debt. As the market grows competitors will come in. The process will take longer, but still happen more sustainably.

Globalisation is meant to share wealth across the planet. I wonder if everyone had the same wealth how poor each person would be? I assume everyone would be starving - we don't have the resources to produce for the worlds population.

 

[nomore4s]

Yeah thats the Japanese way and if they went broke he would probably fall on his sword..........literally.

I dont begrudge execs their salary after all it;s a private company they can do what they like but if they get a BAILOUT different story you get sweet FA till you pay the money back. Pac Brands wasnt a bailout it's an ongoing subsidy to keep them in the country, believe it or not $2M pa is not a lot to run a company that size.

Exactly. She would do alot of hours and put her heart and soul into that company. I have worked for larger type companies and the CEOs normally work thier butts off and have for a number of years to get to that position.
The people complaining about the salary they are paid would probably never put in the hours these people have put in.

There is also alot of pressure that comes with running any sort of company and it is easy for people to sit back and bag out people like Morphet but I doubt any of them could do a better job - in fact I doubt many of them could even do the job.

 

[MrBurns]

Exactly. She would do alot of hours and put her heart and soul into that company. I have worked for larger type companies and the CEOs normally work thier butts off and have for a number of years to get to that position.
The people complaining about the salary they are paid would probably never put in the hours these people have put in.

There is also alot of pressure that comes with running any sort of company and it is easy for people to sit back and bag out people like Morphet but I doubt any of them could do a better job - in fact I doubt many of them could even do the job.

It takes a raft of skills, financial through to people skills, at the highest level, it's a huge responsibility, very few are up to it.

 

[nomore4s]

The 60 minutes interview last night was one of the worst interviews I've ever seen. She forced words into Morphets mouth and clearly sided with the factory worker who lost her sewing job.

I say congratulations to Morphet for being forward thinking to keep the company (and thousands of jobs) alive.

I agree, was as bad as the storm one. Very biased and one sided.

60 min has turned into nothing more than an extended version of ACA imo. They just jump on the side of the story that will pull on the most heart strings and caters for the popular view.

 

[GumbyLearner]

What we have is not globalisation. We have a semi form of it which China has been willing to exploit for its own benefit. It's dirty dollar to me is the only reason why the world is taking its manufacturing there. That's a monetary system statistic not a product of real world dealings.

In a protected society yes we would have inferior products. But we would improve the quality of products at a pace that we can afford without borrowing. The market would grow with our real GDP, not just with our debt. As the market grows competitors will come in. The process will take longer, but still happen more sustainably.

Globalisation is meant to share wealth across the planet. I wonder if everyone had the same wealth how poor each person would be? I assume everyone would be starving - we don't have the resources to produce for the worlds population.

Imagine if Pac Brands started sourcing cotton from Gins in Tajikistan and not from the Darling Downs. That would cause an outrage. But then again I'm sure the World Bank wouldn't mind.

 

[Glen48]

Notice when some Servo gives a discount cars line up for miles just to save 2/3 bucks I know any one walking up the isle would buy the cheaper brand over quality and PB moving to China has no choice in this World with a level playing field which has a big Cliff in the middle.
As for Name brands I think any one would buy them as long as you could see the logo and allow others to admire you, the strange part about advertising is other people have to know the name for it to work when in China I saw a bloke with Nike thongs ( on his feet) he was living in poverty but he had at name under his feet were you could not see the brand maybe he got the vibes from the Logo to make him feel better.???
What sort of a CV would you need to run PB?

 

[MrBurns]

What sort of a CV would you need to run PB?

Mere mortals need not apply

 

[trading_rookie]

What's she meant to do, let the company lose profitability and risk losing more Aussie jobs? She also has share holders to answer to as well.

Spot on – all this anti-Pacbrands hysteria brought on by unions who seem to have more venom than brains is impacting on the jobs of nearly 7000 more employees of the company.

@GumbyLearner – Goodman Fielder; could you have at least used a note worthy company instead of one that regularly disappoints year in year out. A stock price that has too much negative sentiment attached. An edible oils division (Medow Lea etc) that’s under threat from a global player, not to mention NZ dairy farmers that shows too much ‘sub-scale brand equity’. The market according to analysts is more interested in baked breads like Bakers Delight than ready-packed breads – let’s see what GF does to combat this.

Further, the chairman of Goodman Fielder also happens to be on the board of PacBrands. Protégé Margin (when the chairman and CEO were both at Natfoods) would be well advised to keep such comments to himself – especially when he’s comparing food to cloth – I’m sure ppl are more concerned about what they put into their bodies than what they put on it.

You have to turn over the products pretty rapidly. Consumer tastes change pretty quickly. You've got to be able to respond."

Maybe Margin should ask his GF chairman for a tour of Pacbrands and see what the R&D dept is up to before opening his mouth. He should also compare his advertising campaign – including both television and print with that of Pacbrands if he thinks the company just rests on it’s laurels – Pacbrands uses well known Aussie celebs to promote it’s products, who is Margin using to flog Medow Lea?

When it’s all done and dusted – it’s too expensive to be manufacturing textile, clothing and footwear in Oz. It’s that simple, our governments have reduced tariffs for cheap imports (I believe this year it's a further 3%) and Oz publicly-listed companies can’t be paying ppl increases in salary as the cost of living increases while they try and make a profit.

Cochlear (like Pacbrands an offshoot of PacDunlop) who manufactures an innovative ear-hearing implant with most manufacturing in Oz, is feeling pressured to move overseas since the unions feel the workers aren’t being paid enough. So much for Rudd’s spiel about supporting Oz innovation – his posse of union thugs will force them abroad.

As for Morphett and remuneration, it’s only natural that someone who for many years headed a Pacbrands company division and got promoted to CEO be given a pay rise. A pay rise that is SUBSTANTIALLY less than the outgoing CEO received. Compared with what Ralph Norris and Sol Trujio are paid, she’s on ‘peanuts’. This should also answer the CV question.