http://wingedrodent.edublogs.org/2009/02/04/performance-pay-%e2%80%93-all-us18-billion-of-it/ A blog that's not afraid to ruffle some feathers Thu, 26 Feb 2009 20:54:20 -0500 http://wordpress.org/?v=2.8.2 hourly 1 http://wingedrodent.edublogs.org/2009/02/04/performance-pay-%e2%80%93-all-us18-billion-of-it/comment-page-1/#comment-28 bonusbuster Thu, 12 Feb 2009 03:23:50 +0000 http://wingedrodent.edublogs.org/?p=27#comment-28 Still on the subject of rorts but closer to home, the exclusive private school Wanganui Collegiate http://www.wanganuichronicle.co.nz/localnews/storydisplay.cfm?storyid=3794679&thesection=localnews&thesubsection=&thesecondsubsection= is looking for taxpayer funding – well at least the “Director of Marketing” is. First of all how many state schools can afford a director of marketing and secondly what happened to market discipline? The rules these people espouse for everyone else is that popular schools must attract students to survive and if they can’t they should be left to go to the wall. Getting funding from the taxpayer is surely just creating a moral hazard – where’s their incentive to get out and recruit students if they can just stick their snouts in the state trough whenever they hit a difficult patch? I think they should soldier on and demonstrate the superior moral fibre that everyone knows private schools have. Still on the subject of rorts but closer to home, the exclusive private school Wanganui Collegiate http://www.wanganuichronicle.co.nz/localnews/storydisplay.cfm?storyid=3794679&thesection=localnews&thesubsection=&thesecondsubsection=
is looking for taxpayer funding – well at least the “Director of Marketing” is. First of all how many state schools can afford a director of marketing and secondly what happened to market discipline? The rules these people espouse for everyone else is that popular schools must attract students to survive and if they can’t they should be left to go to the wall. Getting funding from the taxpayer is surely just creating a moral hazard – where’s their incentive to get out and recruit students if they can just stick their snouts in the state trough whenever they hit a difficult patch? I think they should soldier on and demonstrate the superior moral fibre that everyone knows private schools have.

]]> http://wingedrodent.edublogs.org/2009/02/04/performance-pay-%e2%80%93-all-us18-billion-of-it/comment-page-1/#comment-27 bonusbuster Thu, 12 Feb 2009 03:09:30 +0000 http://wingedrodent.edublogs.org/?p=27#comment-27 Nearer to home the Aussies are asking question about the big payouts for bankers who continue to exist only because of taxpayer largesse. The article below from the Sydney Morning Herald singles out Macquarie in particular for criticism because it not only has a government guarantee for its banking side but also continues to profit from its role in PPPs (Public Private Partnerships) http://business.smh.com.au/business/putting-the-cap-on-capitalism-20090205-7yes.html It says “ there is no justification for million-dollar salaries when the sate is picking up the risk”. Ain’t that the truth! Put them on a collective agreement with a reasonable but not inflated wage just like all the other public servants. Nearer to home the Aussies are asking question about the big payouts for bankers who continue to exist only because of taxpayer largesse. The article below from the Sydney Morning Herald singles out Macquarie in particular for criticism because it not only has a government guarantee for its banking side but also continues to profit from its role in PPPs (Public Private Partnerships)
http://business.smh.com.au/business/putting-the-cap-on-capitalism-20090205-7yes.html
It says “ there is no justification for million-dollar salaries when the sate is picking up the risk”. Ain’t that the truth! Put them on a collective agreement with a reasonable but not inflated wage just like all the other public servants.

]]>