27 February 2009

Square Eyes

The eyes must be square tonight as simultaneously we have -

20/20 Cricket - NZ and India
Rugby - Hurricanes and Crusaders
Basketball - Breakers and the Melbourne Tigers

Maori TV took a punt and got the Basketball and now I see the other channels are annoyed that they cannot show it. How sad. They didn't want it when the Breakers were not doing well and when they start to win they want it.

Sounds like Wall Street, or it seems business and capitalism in general - or maybe not capitalism so much as human greed - when there are profits to be made they pay themselves sickening amounts. When there are losses they want the tax payer to bail them out. As an example on tonights news -

'Pacific Brands in Australia executives awarded themselves rises up to 170% as they were planning to sack 2000 workers.

The total remuneration for 13 directors more than doubled in 2008, from just over $7 million to $15.5 million.

The bill, which was approved last June, includes chief executive package rising from $685,775 to $1,860,649, including a staggering seven-fold increase in her "incentive payments". Her bonus was approved despite overseeing a 45 per cent fall in the share price in the six months leading up to the pay deals.

The news will come as a hammer blow to the families of the 1850 people who were told that high costs meant their jobs were no longer viable.'