slam dunk 1,317 Report post Posted March 10, 2020 Racing has to move fast as the downturn is most likely to be vicious. One way to act is to cut all salaries to a max of $150,000 across the board. That includes all managers, CEO's of all racing organisations. All golden handshakes must be stopped and where contracts written Parliament should enact a law to allow overriding contracts in these extraordinary times. Racing as an industry is extremely vulnerable to this downturn and everyone involved must be looking at ways to keep its viability. Insider, 47South, Baz (NZ) and 4 others 4 3 Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,453 Report post Posted March 10, 2020 1 hour ago, slam dunk said: Racing has to move fast as the downturn is most likely to be vicious. One way to act is to cut all salaries to a max of $150,000 across the board. That includes all managers, CEO's of all racing organisations. All golden handshakes must be stopped and where contracts written Parliament should enact a law to allow overriding contracts in these extraordinary times. Racing as an industry is extremely vulnerable to this downturn and everyone involved must be looking at ways to keep its viability. Wash your mouth , why would you want to take money off these high achievers . My suggestion to them is to make every $1 bet cost $1.20 , this should cover any downturn and make sure all of our hard working senior managers salaries are well insulated against this downturn . arjay, ivanthegreat and Baz (NZ) 1 1 1 Quote Share this post Link to post Share on other sites More sharing options...
Shad 1,539 Report post Posted March 10, 2020 Market gardener up the road, said he was on a good celery. Ragamuffin, Pam Robson, Baz (NZ) and 1 other 3 1 Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,874 Report post Posted March 10, 2020 6 hours ago, slam dunk said: Racing has to move fast as the downturn is most likely to be vicious. One way to act is to cut all salaries to a max of $150,000 across the board. That includes all managers, CEO's of all racing organisations. All golden handshakes must be stopped and where contracts written Parliament should enact a law to allow overriding contracts in these extraordinary times. Racing as an industry is extremely vulnerable to this downturn and everyone involved must be looking at ways to keep its viability. Our company has reacted already and we have been traveling really well! I guess that is the difference.? Baz (NZ) 1 Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted March 10, 2020 Air New Zealand chief has off own accord foregone any salary for the rest of the year. And as was the common theme in telethon days challenges all other CEO's of struggling enterprises to do the same. Quote Share this post Link to post Share on other sites More sharing options...
Red Rum 1,833 Report post Posted March 10, 2020 16 minutes ago, slam dunk said: Air New Zealand chief has off own accord foregone any salary for the rest of the year. And as was the common theme in telethon days challenges all other CEO's of struggling enterprises to do the same. I read it was 1.65 mIllion , he lopped off 250k from it so still has about 1.4 mill to play with . Maybe he has upgraded to taking nothing at all. Has he ? Anyway good on him anyway whatever the cut but bit of difference zero to mill plus . Good for the old climate the lack of planes I suppose . Glass half full and all that , kids protesting all a bit redundant now anyway , like all of us they will wise up with age and bills to pay in real world . Although the long suffering owner may get a transport cut as gas going to be cheaper than water soon. Quote Share this post Link to post Share on other sites More sharing options...
mike28 182 Report post Posted March 10, 2020 celery instead of sausage rolls and pies ADM and Baz (NZ) 2 Quote Share this post Link to post Share on other sites More sharing options...
drewandjo 129 Report post Posted March 10, 2020 1 hour ago, slam dunk said: Air New Zealand chief has off own accord foregone any salary for the rest of the year. And as was the common theme in telethon days challenges all other CEO's of struggling enterprises to do the same. I think you will find thats the Qantas chief.....for the rest of the financial year Baz (NZ) 1 Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted March 10, 2020 14 hours ago, drewandjo said: I think you will find thats the Qantas chief.....for the rest of the financial year Only his Salary drewandjo. I think you’ll find that last financial year, his salary was only about 12% of his total income! Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted March 13, 2020 Quick bold action is required right now everywhere. Does anyone agree that all jumps racing be suspended for this season and substituted with flat races for qualified jumpers. One of the reasons would be aleviating stress on hospitals with injuries. And off course the economics. Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted March 18, 2020 These are revolutionary times. Possibility of mass unemployment. Any job is a good job. it is obscene that there are non required personnel each "stealing" hundreds of thousands in salaries. Racing does not need self professed marketing gurus promoting fixed odds over tote betting. an exercise that is dubious at best. At least $5 million can be saved by bringing back salaries to the level I outlined and immediately. Most likely if these absurd salaries persist across all industries there will be blood on the streets. Mark my words. Insider, arjay and hedley 2 1 Quote Share this post Link to post Share on other sites More sharing options...
Basil brush 188 Report post Posted March 18, 2020 On 3/10/2020 at 1:30 PM, slam dunk said: Racing has to move fast as the downturn is most likely to be vicious. One way to act is to cut all salaries to a max of $150,000 across the board. That includes all managers, CEO's of all racing organisations. All golden handshakes must be stopped and where contracts written Parliament should enact a law to allow overriding contracts in these extraordinary times. Racing as an industry is extremely vulnerable to this downturn and everyone involved must be looking at ways to keep its viability. Maybe all Racing CEO'S should be paid in Bonus bets GOM 1 Quote Share this post Link to post Share on other sites More sharing options...
slam dunk 1,317 Report post Posted March 20, 2020 On 3/19/2020 at 9:36 AM, Basil brush said: Maybe all Racing CEO'S should be paid in Bonus bets Hey what a great idea. And you said before the latest revelations. You are promoted. Quote Share this post Link to post Share on other sites More sharing options...
Berri 2,131 Report post Posted March 20, 2020 On 3/19/2020 at 9:31 AM, slam dunk said: These are revolutionary times. Possibility of mass unemployment. Any job is a good job. it is obscene that there are non required personnel each "stealing" hundreds of thousands in salaries. Racing does not need self professed marketing gurus promoting fixed odds over tote betting. an exercise that is dubious at best. At least $5 million can be saved by bringing back salaries to the level I outlined and immediately. Most likely if these absurd salaries persist across all industries there will be blood on the streets. Mark my words. Good post. That is why a proper leader would do. dock leaf 1 Quote Share this post Link to post Share on other sites More sharing options...