Some perspective. BHP Billiton, world's largest mining company, annual revenue $61 billion, CEO remuneration $7 million. Ten times the revenue, much greater responsibility, greater risk, but similar pay to CEO. Running AP is a walk in the park by comparison.
Yes, BHP did make a big loss last year due to that disaster, but AP made a big loss the year before.

Managing the planning for oil and mineral prospecting, extraction and transport is a wee bit different to same old Postal fixed buildings , same product and shrinking, not expanding, activity.

Auspost CEO . Work for 9th February : look at accounts for truck repairs , check stamp booklets are in warehouse and try new coffee machine.

Foxy,

I said 'we', not 'taxpayers'. We are customers as well as taxpayers, and unless you receive your postal services free, you are paying Mr. Fahour's salary along with the rest of us. Australia Post is a monopoly, has no competition and, therefore, we are a captive source of income for some seriously rich people.

Last financial year, Australia Post gouged a profit of $36 million out of us. Of that amount, half went directly into the pay packets of Fahour and other executives. Pretty good money for people who don't have to fight for markets because they are protected by the government. I wonder what it is that they actually do?

While they might not get direct taxpayer payments, they are getting public money that no other organisation can compete for. And, I don't think they are doing a very good job of it

Dear ttbn,

Point taken and very well reasoned and expressed.
Thank You.

I cannot say that the postal service has improved over the years.

Those at the top of it have done very well in recent times though.

I don't believe that the huge pays for Oz executives produce better outcomes for shareholders and the public. The big pays might be very likely to encourage a certain personality to dominate though.

The greatest living acerbic, Larry Pickering, today mentions the absurdity of Fahour's salary, and even has a photo of the brother's 'Islamic Museum Australia', to which Fahour donated a tax-deductable $2,000,000. Muslims in the money are expected to donate to Islam interests, and we, the customers of Australia Post and helping out big time.

LP also mentioned, where no one else has, that Fahour also sacked 1,000 posties just before Christmas to keep the money pile high.