Monday, May 18, 2009

A freeze for some, but not for others

Air New Zealand Chief Executive Rob Fyfe has announced a pay freeze for Air New Zealand staff. Pay will be frozen for those earning more than $80,000 a year, while pay rises for those on lower salaries will be capped below inflation. Meanwhile, Fyfe himself is sitting pretty, having awarded himself an extra $1.5 million a year - $30,000 a week - just before this move.

(And remember, that's taxpapyer's money he's giving himself; that $1.5 million is money that could be given to the government in dividends and used to pay for hip operations...)

I guess its a pay freeze for some but not for others...