Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594
A good summary of where we are up to by Joe Aston of the AFR, linked to from here: viewtopic.php?f=5&p=4137#p4137
If you are new to this website read the story so far: viewtopic.php?t=321#p1793
Check out some of the AFR articles, too many to list and check out some of the ABC reports: http://www.afr.com/business/accounting/ ... 215-h055ej http://www.afr.com/business/accounting/ ... 211-h02x1d http://www.abc.net.au/news/programs/the ... s,/8626662
Please join this website to participate in discussions. Also join our email list at http://eepurl.com/cWsgfb
Image

Just recieved the 202B !!! So much money!

A weekly round up of the issues and progress
passedfc
Posts: 113
Joined: Mon May 29, 2017 3:14 pm

Re: Just recieved the 202B !!! So much money!

Post by passedfc » Mon Jul 03, 2017 11:13 am

Serious issue for an organisation with such highly paid executives.. an assistant CFO ... two COOs !!!
And a leading Accounting body meant to show the way.
How can they be taken seriously.. ??
Surely this must arouse the members to action and vote... ? or do we really care ?? Apathy ? or lack of being aware..
I am still finding some members who have only just realized what is going on...

User avatar
The Nude CPA
Posts: 227
Joined: Sat May 06, 2017 4:21 pm

Re: Just recieved the 202B !!! So much money!

Post by The Nude CPA » Mon Jul 03, 2017 4:23 pm

passedfc wrote:
Mon Jul 03, 2017 11:13 am
I am still finding some members who have only just realized what is going on...
Yes; the apathy runs deep in the CPAA membership base...

theallseeingeye
Posts: 82
Joined: Sat Jun 03, 2017 4:23 am

Re: Just recieved the 202B !!! So much money!

Post by theallseeingeye » Mon Jul 03, 2017 8:39 pm

passedfc wrote:
Mon Jul 03, 2017 11:13 am
Serious issue for an organisation with such highly paid executives.. an assistant CFO ... two COOs !!!
Some of this is starting to smell like "shut-up" money, or incentives to stay loyal to those who were benefitting most from the trough, or vote-buying. Call it what you like, but from what little we have been shown in terms of business or performance metrics, I can't understand some of these salaries at all , particularly offshore. One for the forensic review , perhaps of the remuneration committee minutes.

Which reminds me - CPA graciously informed us that Mr Awty will not get a salary bump for acting as CEO. No doubt a statement designed to keep us calm and perhaps show they are listening to members? Bollocks to that ....without a remuneration committee (since there are no independent directors), I suspect they don't have a choice.

passedfc
Posts: 113
Joined: Mon May 29, 2017 3:14 pm

Re: Just recieved the 202B !!! So much money!

Post by passedfc » Mon Jul 03, 2017 8:45 pm

Yes no justification for the roles let alone the ridiculous salaries...

Post Reply