FatCat's Money Confessions

FatCat's MoneyConfessions - helping you save (& make) money, one click at a time

Hi money confessors out there :)

I found this video about Japan Airlines CEO today and i cannot help but to share it with everybody because it's so "outrageous".

Today we heard about potential mass sacking of banks workers and other corporations but we never heard about their executives pay cuts. Isn't it infuriating?

This video was from last week's news and it's an interview with Japan Airlines CEO who takes a pay cut down to USD 90,000 last year.
Most of middle managers here make a lot more than that.
He cuts most of his benefits, rides bus to office and eats at the office cafetaria with the rest of his employees. Check out his "massive" office, you wouldn't believe that this man is the head of a huge airline corporation.

Imagine if most of our CEOs took the same step... too much daydreaming?

http://ibnlive.in.com/videos/77452/jal-ceo-takes-a-pay-cut-flies-ai...


Bytta

Share

Reply to This

Latest Activity

There are 185 forum topics on FatCat's Money Confessionson Friday
Karen Green, arti sham, marcus clayton and 7 more joined FatCat's Money Confessionson Wednesday
nikki replied to nikki's discussion 'debt bankruptcy'June 26
You were honest and disclosed your information. Did it say anywhere on the application that Bankruptcy excluded you from applying? I don't know if it would preclude you from acceptance but you never can tell. I sympathise with you and am curious t...
arti sham replied to nikki's discussion 'debt bankruptcy'June 25
I have done a debt 9 agreement , I am about to accept a job offer with comminsure which is CBA,they about to do a probity check have disclosed to them that i have done the debt 9 agreement.I am worried whether they will declined the offer to me i ...
BTW any cost incurred in trading are written off against the income although I think brokerage is wrapped up in the capital costs
As far as I can see there is only one entity YOU so the losses and gains are ALL aplieed to you. Unless I am wrong you are filling in personal tax returns for the business income and losses so as far as the ATO is concerned it is all You I am not...
Greg replied to Greg's discussion 'Share Trading offsets'June 22
Thanks Bandwidth, The business is a micro-business and unregistered, so income defaults to me personally. The share trading likewise so I am personally carrying a small business income and ongoing capital losses personally to add the share tradin...
Hello Greg Sorry to hear of your bad run and I hopre you can find a way to settle your affairs in a way that allows you to carry your losses in a way the allows you to write them off. It is a complex matter nad depends on how any income was pres...
Hello Greg There are some good examples on the ATO. I don't know if there are any that meet your needs but worth a look. The structure of your business will change the way losses can be carried
Greg replied to Greg's discussion 'Share Trading offsets'June 21
Thanks Bandwidth, I have been through some tough times so have done all my tax myself - I've had the time and a good understanding is all I've needed. It has been simple so far but just need advice as to which boxes to fill. Could not justify a t...
I am not an accountant and I suggest you talk to a good one, here is my view All the income and loss from share trading is in the name of the entity doing the trading If the business income is a wage you are paying yourself then the losses can b...
Greg added a discussionJune 20
I am carring significant capital losses and since Dec 08 have been actively share trading to recoup, since my business has also been reduced to part-time due to the downturn so I had the time. As a active share trader I have made some trades that ...
nikki added 2 videosJune 17
nikki replied to nikki's discussion 'who is responsible?'June 17
Thanks a bunch for that, I will pass it on to my elderly client. He has been very worried about it. I love this forum :)
JeffK replied to nikki's discussion 'who is responsible?'June 17
OK, so I may have been wrong - not for the first time ;) After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's no estate then the lender can't chase rellies. S...
nikki replied to nikki's discussion 'who is responsible?'June 16
I was asked this question by an elderly client on an aged pension where I work. He is in a rental house, has no assets and the bank sent him free credit increases. You know " sign here for a credit limit increase" etc. So he did and now has a larg...

FatCat news

Cash is king but card use growing: RBA

Australian remains a cash-based society but the use of plastic and debit cards is growing as consumers seek more convenient payment methods, the RBA says.

Bank customers vent anger online

Social networking sites are booming with people publicly expressing their displeasure at the big four.

Instutions join pledge to assist struggling homebuyers

The banking industry says all home lenders should sign up to the federal government's initiative to support borrowers who have lost their job and are struggling with mortgage repayments.

Tax & retirement strategies

There are a number of tried and tested tips and strategies that may work for you

SMSF strategies for low income earners

How can we lessen the tax burden on our SMSF to enable us to build wealth and retire eventually?

Property with positive cash flow

When interest rates are low and rental yields are high, some property owners can set up a structure commonly known as positive gearing

18 Share Tips - 16 June

Red Fork Energy - we first recommended this company a few months ago when the share price was well below 30 cents

Receiving a refund from the tax man

Tax is levied on your taxable income on a progressive basis referred to as marginal tax rates, which can vary from between 0 per cent and 45 per cent

Home grants risk more defaults: Steve Keen

The extension of time for the enhanced first home grants puts more borrowers at risk of default, as the spectre of double-digit unemployment looms, an academic says.

Watch your forecasters closely

Precise economist forecasts need to be treated with a grain of salt

© 2009   Created by FatCat

Badges  |  Report an Issue  |  Privacy  |  Terms of Service

You are Offline Sign in to chat!