Australia Post which is totally government owned and has been for 200 years, announced the loss of 900 jobs, being part of a cut back program.
This is due to the decline in letters beings sent and that’s true as email has further reduced letter writing and in many ways understandably.
The CEO of Australia Post is Ahmed Fahour who was born in Lebanon and came to Australia in 1970. In 2009 he was made Managing Director and CEO of Australia Post.
His salary package was estimated to be worth $4.8 million. Of this, he donated about $2 million to the Islamic Museum of Australia located in Melbourne. The top ten executives in Australia Post combined earn around $20 million each year.
The founder and director of the Museum is former Macquarie Bank executive Moustafa Fahour, brother of Ahmed Fahour. Moustafa’s wife, Maysaa, is the chairwoman and Director. The Fahours’ sister, Samira El Khafir, is Head Chef and manages the restaurant on site.
How can the CEO of Australia Post earn so much when the postal service is bleeding money from letter delivery. NO employee is worth $5 million a year and especially not from a government-owned business.
The top Federal Public Servants in Australia have salaries of between $665,600 and $844,800 so how does the bloke in charge of Australia Post receive $4.8 million? The Prime Minister of Australia earns a modest $507,000 considering the real burdens of office, while the CEO of the Gold Coast Council earning slightly less. The Mayor of GCC brings in $225,000 so how on earth can the Post Office justify the massive pay of their CEO?
Let’s look further. The head of the US Postal Service with 19 times more staff and 11 times more revenue than Australia Post receives $550,000.
In France the head of their post office was paid $1.1 million with a staff compliment of 268,000 employees.
Are we to sit by and let all this happen? I would have run the big game of Post Office for a lot less and still done a reasonable job and in fact, if the best of us seniors applied ourselves we could run the damn Post Office better and accept a normal salary and a free lunch now and again.
There is an unpleasant and some would say ’sinister’ unbalanced agenda in Australia, which in the end preys on the average citizen. (The Pickering Post)