Comments on: How much is too much? http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html Wilson in pursuit of excellence Wed, 07 Jan 2009 10:30:30 +0000 http://wordpress.org/?v=2.6.5 By: Nigel http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-66 Nigel Fri, 23 May 2008 10:49:43 +0000 http://www.21wilsonstreet.com/?p=9#comment-66 Yes Roderick, that sounds about right. Yes Roderick, that sounds about right.

]]> By: Roderick's Financial Advisor http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-65 Roderick's Financial Advisor Fri, 23 May 2008 09:14:44 +0000 http://www.21wilsonstreet.com/?p=9#comment-65 Better Rudd than Red? Eh Sir Nigel? Better Rudd than Red?
Eh Sir Nigel?

]]> By: Nigel http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-56 Nigel Thu, 22 May 2008 20:54:26 +0000 http://www.21wilsonstreet.com/?p=9#comment-56 Wilson, you are beginning to sound a bit too lefty for my liking. You know my old saying, better dead than red! Wilson, you are beginning to sound a bit too lefty for my liking. You know my old saying, better dead than red!

]]> By: deuts http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-55 deuts Thu, 22 May 2008 13:12:49 +0000 http://www.21wilsonstreet.com/?p=9#comment-55 Strong words you have there, David. Strong words you have there, David.

]]> By: Wilson http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-54 Wilson Thu, 22 May 2008 12:56:15 +0000 http://www.21wilsonstreet.com/?p=9#comment-54 Hi David, thanks for visiting my website and making a comment. I agree with you that there are a few handful people who enjoy so much wealth while there are millions out there sufferring from hunger and poverty. It's unfortunate that the world's wealth is not evenly distributed. Hi David, thanks for visiting my website and making a comment. I agree with you that there are a few handful people who enjoy so much wealth while there are millions out there sufferring from hunger and poverty. It’s unfortunate that the world’s wealth is not evenly distributed.

]]> By: David Dioric http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-53 David Dioric Thu, 22 May 2008 10:21:55 +0000 http://www.21wilsonstreet.com/?p=9#comment-53 Love reading the posts excusing this grotesque payout. These people make their money via the most parasitic methods, completely divorced from the real economy. They pump money into subprime loans and food commodity futures creating bubbles that ultimately destroy the lives of hundreds of millions of ordinary working people, while a handful of the worlds wealthiest people make an extra few million that they don't know what to do with. One billion people are about to starve because of this blind paratisicm. These people create nothing, they do nothing. They are a blight on all of mankind, the sooner we are rid of them the better. Love reading the posts excusing this grotesque payout. These people make their money via the most parasitic methods, completely divorced from the real economy. They pump money into subprime loans and food commodity futures creating bubbles that ultimately destroy the lives of hundreds of millions of ordinary working people, while a handful of the worlds wealthiest people make an extra few million that they don’t know what to do with. One billion people are about to starve because of this blind paratisicm.

These people create nothing, they do nothing. They are a blight on all of mankind, the sooner we are rid of them the better.

]]> By: Issy http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-52 Issy Thu, 22 May 2008 03:56:22 +0000 http://www.21wilsonstreet.com/?p=9#comment-52 I know the amount it is absurd that one retiree received that much but Allan Moss takes out what he puts in. He has spent half his life studying and learning, countless hours of hardwork & overtime, sleepless nights due to copious amounts of pressure, stress and anxiety, and most of all can you imagine how much time he spent away from family and friends to get to a position where he has to run a multi-billion dollar company. All I can say is... people give you what they think you deserve... a lot of people may not agree with his remuneration but people who matter (i.e. Macquarie Shareholders) reckons Allan Moss is worthy of it. Papa Wilson seriously if you get to that position... whats going to happen? What about the hours and hours you spend on blogging? Also, you can't just have a couple of hours study time past 1am after you've spent the whole day prancing around Melbourne? Furthermore I don't reckon you can keep away from your lovely friends and family! So think again mate! I know the amount it is absurd that one retiree received that much but Allan Moss takes out what he puts in. He has spent half his life studying and learning, countless hours of hardwork & overtime, sleepless nights due to copious amounts of pressure, stress and anxiety, and most of all can you imagine how much time he spent away from family and friends to get to a position where he has to run a multi-billion dollar company. All I can say is… people give you what they think you deserve… a lot of people may not agree with his remuneration but people who matter (i.e. Macquarie Shareholders) reckons Allan Moss is worthy of it.

Papa Wilson seriously if you get to that position… whats going to happen? What about the hours and hours you spend on blogging? Also, you can’t just have a couple of hours study time past 1am after you’ve spent the whole day prancing around Melbourne? Furthermore I don’t reckon you can keep away from your lovely friends and family! So think again mate!

]]> By: deuts http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-34 deuts Wed, 21 May 2008 03:17:39 +0000 http://www.21wilsonstreet.com/?p=9#comment-34 That is one factor auditors should watch out for, when bonuses are tied up with earnings or stock prices. Mr. Wilson, when you get to that level, don't ever forget about me, your poor friend from the Philippines. :D That is one factor auditors should watch out for, when bonuses are tied up with earnings or stock prices.

Mr. Wilson, when you get to that level, don’t ever forget about me, your poor friend from the Philippines. :D

]]> By: Roderick's Financial Advisor http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-33 Roderick's Financial Advisor Wed, 21 May 2008 03:00:39 +0000 http://www.21wilsonstreet.com/?p=9#comment-33 I think it is important to take into account the wealth that the Senior Executives create for the company. Macquarie has grown a huge amount during Moss's tenure. He really led the company to a much higher worldwide profile as well as presiding over a period of growth unrivalled in the company's history. For instance, on 6th February, the day that Moss announced his retirement, Macquarie Group shares fell from $62 to $61.10. With this drop of $0.90, based on Macquarie having 274 million outstanding shares represents a fall in Market Value of approximately $245million. As there were no other major announcements on that day, it is reasonable to assume that a large part of this fall was caused by Moss's announcement. Thus, the market valued his involvement with the company as up to $245mand he was only paid out $50 million. In other words, I think the market and shareholders would have paid him even more. I think it is important to take into account the wealth that the Senior Executives create for the company. Macquarie has grown a huge amount during Moss’s tenure. He really led the company to a much higher worldwide profile as well as presiding over a period of growth unrivalled in the company’s history.

For instance, on 6th February, the day that Moss announced his retirement, Macquarie Group shares fell from $62 to $61.10. With this drop of $0.90, based on Macquarie having 274 million outstanding shares represents a fall in Market Value of approximately $245million. As there were no other major announcements on that day, it is reasonable to assume that a large part of this fall was caused by Moss’s announcement. Thus, the market valued his involvement with the company as up to $245mand he was only paid out $50 million.

In other words, I think the market and shareholders would have paid him even more.

]]> By: Nigel http://www.21wilsonstreet.com/archives/2008/05/how-much-is-too-much.html#comment-31 Nigel Wed, 21 May 2008 01:53:03 +0000 http://www.21wilsonstreet.com/?p=9#comment-31 It's the shareholders who ultimately approve the remuneration of the executives. Furthermore, for the 11 or so years Alan Moss has been at Macquarie, they have had record profits. So I don't think the shareholders have much to complain about. Australia would have its first failed bank if you were to take over Wilson. It’s the shareholders who ultimately approve the remuneration of the executives. Furthermore, for the 11 or so years Alan Moss has been at Macquarie, they have had record profits. So I don’t think the shareholders have much to complain about.

Australia would have its first failed bank if you were to take over Wilson.

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