 |
|
|
| View previous topic :: View next topic |
| Author |
Message |
Mugwump
Joined: 28 Jul 2007
Location: Between London and Melbourne
|
| Post subject: Gillon McLachlan's $1.7m |  |
|
I read today that Gill's package was $1.7m last year, for presiding over a sport that has become progressively less watchable, with flatlining crowds and a hunger for money that has made it a suckling pig for corporate executives on absurd sums who would probably not get a gig in a major global corporation, and I reflected on whether my personal contribution to that mattress stuffing is really worth it.
At the risk of sounding like Hiss, the game attracted crowds of around 100,000 to great games in the 1970s when it was essentially run by amateurs. Then, somewhere around the mid 1980s the big end of town invaded it and started to create executive jobs out of it for people like them. Funnily enough, at about that time it steadily started to decline as a spectacle.
As a further note, the league's revenue in 2016 was around $500m. This is around half the revenue of an average FTSE 250 company, where the CEO typically receives a package of about $750k. Revenue is not the only way to measure a CEO's challenges, but it is a good place to start.
Is there something wrong with this whole picture ?
This mostly comes from our pockets - do others find that strange ?
_________________
Two more flags before I die! |
|
|
|
 |
npalm
Joined: 01 May 2005
|
| Post subject: | |
|
I think that Gill's salary package (like most CEO packages) is highly excessive but I don't think it's strange. His salary is probably consistent with Australian standards.
See this report from 2014 http://www.afr.com/business/salary-survey-2014--meet-australias-bestpaid-ceos-20141209-123pii
Whilst he probably couldn't win an equivalent CEO role with a large corporation he does have the sporting administration experience that makes him marketable in the sports industry. Apparently has has knocked back significant offers from NRL and Liverpool FC
_________________
Side by side. |
|
|
|
|
CarringbushCigar 
Joined: 15 Nov 2007
Location: wherever I lay my beanie
|
| Post subject: Re: Gill's giant package | |
|
| Mugwump wrote: | I posted this in "other AFL", but since that is a graveyard in the on-season and probably worse in the off, I thought it was worth noting here as well.
I read today that Gill's compensation package was $1.7m last year, for presiding over a sport that has become progressively less watchable, with flatlining crowds and a hunger for money that has made it a suckling pig for corporate executives on absurd sums who would probably not get a gig in a major global corporation.... and I reflected on whether my personal contribution to that mattress stuffing is really worth it.
At the risk of sounding like Hiss, the game attracted crowds of around 100,000 to great games in the 1970s when it was essentially run by amateurs. Then, somewhere around the mid 1980s the big end of town invaded it and started to create executive jobs out of it for Hawthorn and Camberwell-dwellers like them. Funnily enough, at about that time it steadily started to decline as a spectacle, while becoming much more expensive for punters.
As a further note, the league's revenue in 2016 was around $500m. This is around half the revenue of an average FTSE 250 company, where the CEO typically receives a package of about $0.9m. Revenue is not the only way to measure a CEO's challenges, but it is a good place to start. And since the AFL is a "corporation" with no truly significant competition, and no truly discretionary shareholders, its CEO surely does less to earn his coin than the average FTSE 250 CEO trying to make it in a competitive market. Half the revenue, nearly twice the package, half the challenge. Good on you, Gill.
Is there something wrong with this whole picture ? This mostly comes from our pockets, in one way or another - do others find that strange ? |
In complete agreement.
By far your best post here.
Maybe your energies are best directed on off-field issues. |
|
|
|
|
E
Joined: 05 May 2010
|
| Post subject: | |
|
| npalm wrote: | I think that Gill's salary package (like most CEO packages) is highly excessive but I don't think it's strange. His salary is probably consistent with Australian standards.
See this report from 2014 http://www.afr.com/business/salary-survey-2014--meet-australias-bestpaid-ceos-20141209-123pii
Whilst he probably couldn't win an equivalent CEO role with a large corporation he does have the sporting administration experience that makes him marketable in the sports industry. Apparently has has knocked back significant offers from NRL and Liverpool FC |
$1.7 million isn't that much money when you consider that he is charge of the biggest sports franchise in Australia. Actually $1.7 million is peanuts (especially when you consider that its AUD).
_________________
Ohhh, the Premiership's a cakewalk ....... |
|
|
|
|
stui magpie 
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
| Post subject: Re: Gill's giant package | |
|
| Mugwump wrote: |
At the risk of sounding like Hiss, the game attracted crowds of around 100,000 to great games in the 1970s when it was essentially run by amateurs. |
Not very bloody many though outside the grand final, and that was well before live TV against the gate.
games nowdays are viewed live by hundreds of thousands each week.
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
|
|
|
|
Donny 
Formerly known as MAGFAN8.
Joined: 04 Aug 2002
Location: Toonumbar NSW Australia
|
| Post subject: | |
|
Not strange at all.
Actually, I'm surprised it's that low.
_________________
Donny.
It's a game. Enjoy it.  |
|
|
|
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
|
The Rules
FAQ
Usergroups
Calendar
Search
Log in
Register
