Liberal or Labor? (2 Viewers)

[Lentern]

This underscores how he had money for doing nothing... how exactly?

I said he wasn't productive, not that he did nothing. His decisions ultimately cost the company money and he was paid highly to make them. But you know of course it was the government, fucking loony.

 

[withoutaface]

Sol did not remain there, are you honestly telling me you think Telstra under Sol was well managed?

So he's not making money from it anymore. Are you honestly telling me, without the benefit of hindsight, that appointing him was an inappropriate risk? He was highly successful in his prior post as CEO of Orange.

 

[Rothbard]

I said he wasn't productive, not that he did nothing. His decisions ultimately cost the company money and he was paid highly to make them. But you know of course it was the government, fucking loony.

No, the point I'm making is that Telstra is in its current position because of the Government. Sol acted like Telstra was a monopoly, which it is, because Telstra has control of all of the infrastructure, which the Liberals stupidly sold off as part of the t3 offerings along with Telstra.

Thus Sol could keep Australia behind the rest of the world for ~5 years and fuck us, because of how stupidly the Telstra sell off was handled.

He didn't do anything great for the company but he sure as FUCK made Telstra a lot of money.

 

[Lentern]

So he's not making money from it anymore. Are you honestly telling me, without the benefit of hindsight, that appointing him was an inappropriate risk? He was highly successful in his prior post as CEO of Orange.

No not at all, all I am doing is challenging the suggestion made by Rothbard that all rich people are being productive.

 

[Rothbard]

No not at all, all I am doing is challenging the suggestion made by Rothbard that all rich people are being productive.

Being paid what the board of directors think you are worth...

 

[Lentern]

No, the point I'm making is that Telstra is in its current position because of the Government. Sol acted like Telstra was a monopoly, which it is, because Telstra has control of all of the infrastructure, which the Liberals stupidly sold off as part of the t3 offerings along with Telstra.

Thus Sol could keep Australia behind the rest of the world for ~5 years and fuck us, because of how stupidly the Telstra sell off was handled.

He didn't do anything great for the company but he sure as FUCK made Telstra a lot of money.

Short term profits don't translate directly into productivity. By your own admission the weren't great for the company on the whole. Which brings me back to, you can be rich without actually being productive.

 

[Rothbard]

Short term profits don't translate directly into productivity. By your own admission the weren't great for the company on the whole. Which brings me back to, you can be rich without actually being productive.

~working as a CEO~

 

[Existential]

fair shake of the sauce bottle m8

+1

 

[Lentern]

~working as a CEO~

Making poor decisions, missing out on opportunities, weakening the service, weakening the competitiveness, damaging long term prospects.

 

[Rothbard]

Making poor decisions, missing out on opportunities, weakening the service, weakening the competitiveness, damaging long term prospects.

~making profits for the shareholders~

 

[Rothbard]

Come on do the obvious one of people who inherit money or who live off investments

come on Lenty you can do it!

 

[Lentern]

~making profits for the shareholders~

Losing them for future shareholders.

 

[Rothbard]

So because he is a CEO he shouldn't be remunerated unless he has a performance like Steve Jobs?

 

[Rothbard]

So basically you're attempting to shift the definition of productive
in order

to prove????

 

[Lentern]

Come on do the obvious one of people who inherit money or who live off investments

come on Lenty you can do it!

The one i've already used works just fine for all but the deluded Austrian school on steroids free market hacks which can't distinguish between wealth and productivity. My next example was actually going to be Alan Bond.

 

[Rothbard]

you do understand that it's not just austrians who see wealth as productive capacity, yeah?

 

[Rothbard]

Like you're aware how investment works and how the whole wealth thing works, and generally how exceptions aren't a foolproof 100% disputation of the domain of the problem, yeah?

 

[Lentern]

So basically you're attempting to shift the definition of productive
in order

to prove????

I didn't study business at high school or university my interests laid in law and politics, I would suggest though that if the current definition meant merely that productivity equals raw profits it is a rather flawed definition. Then again, business and economics from the squizzes I've had at them are rather flawed concepts.

 

[Rothbard]

I didn't study business at high school or university my interests laid in law and politics, I would suggest though that if the current definition meant merely that productivity equals raw profits it is a rather flawed definition. Then again, business and economics from the squizzes I've had at them are rather flawed concepts.

The fault dear brutus...

 

[withoutaface]

No not at all, all I am doing is challenging the suggestion made by Rothbard that all rich people are being productive.

If you took all the people who are paid as much as he was, and averaged out the amount the companies they lead increased in value, you'd have a very solid surplus. It'd be like saying that just because 9/10 business ideas come to nothing we shouldn't try anything new, these are simply unavoidable risks which come off in the aggregate. Additionally, I have no doubt that they all work exceptionally hard.