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Brisbane set for double digit growth Perth and Darwin as well Rate Topic: -----

#1 User is offline   zaph 

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Posted 15 December 2011 - 04:40 AM



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The Brisbane property market has been the worst performer of the capital cities in the nation with the median house price taking a tumble of 7 per cent.

Australian Property Monitors released its annual State of the Market report this morning, which took stock of the performance of property markets in capital cities across the nation.

The report found Brisbane house prices took the biggest fall, though next year is looking very rosy with the potential of double digit growth.



Read more: http://www.brisbanet...l#ixzz1gZiFJQ9H


ando at his spruiking best.
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#2 User is offline   Solomon 

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Posted 15 December 2011 - 06:50 AM

View Postzaph, on 15 December 2011 - 04:40 AM, said:





ando at his spruiking best.

Thanks zaph;
Can this guy be held accountable for such statements?
For all the legal eagles who honour us with their presence.
If a person were to purchase based upon a public statement such as this, is there legal recourse, to recoup any losses from the person who stated it?
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#3 User is offline   Peachy 

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Posted 15 December 2011 - 08:04 AM

View PostSolomon, on 15 December 2011 - 06:50 AM, said:

Thanks zaph;
Can this guy be held accountable for such statements?
For all the legal eagles who honour us with their presence.
If a person were to purchase based upon a public statement such as this, is there legal recourse, to recoup any losses from the person who stated it?

Probably not:
- he says there will be 'potential' for growth. There is always potential for anything;
- you paid nothing for the 'advice' therefore if you sue him for negligent advice, you can recover your fees - zilch.
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#4 User is offline   staringclown 

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Posted 15 December 2011 - 10:57 AM

View Postzaph, on 15 December 2011 - 04:40 AM, said:





ando at his spruiking best.


From the makers of last years "State of the market" report.


Quote

With numerous mining projects already set to commence in 2011, high demand for labour and increasing wages and salaries, together with burgeoning company profits will create a strong wave of commercial and business prosperity throughout the State and particularly in Perth. As a consequence it is likely Perth will experience the highest growth in median house prices of all Australian capitals in 2011.


We can only hope that the same kiss of death works for the canberra predictions this year.

The current headline in the canberra times is "'Cheap' homes' new high" rejoicing that canberras cheapest suburb is 100K greater than the major cities equivalent. This is normal where I live.
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#5 User is offline   Bernard L. Madoff 

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Posted 15 December 2011 - 03:57 PM

View PostSolomon, on 15 December 2011 - 06:50 AM, said:

Thanks zaph;
Can this guy be held accountable for such statements?
For all the legal eagles who honour us with their presence.
If a person were to purchase based upon a public statement such as this, is there legal recourse, to recoup any losses from the person who stated it?


No. You can hold your stock broker accountable to a limited extent if there is no disclaimer and he hasn't made you aware that you can lose your shirt but property ponzi bullsh*t artists? Not covered by ASIC...spruik away.

Brisbane set for double digit growth falls, just spent 5 weeks in Brissie, Sunny Coast and Goldie on Business, a train wreck thats only just starting IMO (the credit freeze is only in initial 'higher costs').
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#6 User is offline   Solomon 

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Posted 15 December 2011 - 10:10 PM

View PostBernard L. Madoff, on 15 December 2011 - 03:57 PM, said:

No. You can hold your stock broker accountable to a limited extent if there is no disclaimer and he hasn't made you aware that you can lose your shirt but property ponzi bullsh*t artists? Not covered by ASIC...spruik away.

Brisbane set for double digit growth falls, just spent 5 weeks in Brissie, Sunny Coast and Goldie on Business, a train wreck thats only just starting IMO (the credit freeze is only in initial 'higher costs').

Thanks Bernard and Peachy.
Appreciate your responses.

So then!
This guy can say virtually anything in the public domain, and cannot be held accountable for it.
So the only way to counter his lies, is to use hyperbole or tell bigger lies on the other side of the argument!!!!
That would seem to me to be a negative spiral that would only lead to more confusion in the general public.

If it were to become obvious at some point in the future that the guy told outright lies, that his claims were unsubstantiated, and that he deliberately misled the public, can he be then held accountable?
Can the medium he uses to tell lies be held accountable?
For example if he uses a newspaper can the newspaper be held accountable for printing lies?
I know this might only align to a small fine, under some obscure part of the law, but it would be a fitting warning to anyone wanting to print "lies", in the future.

Of course, I know that the media, will argue in defense that it was simply an opinion piece, and no one should take it seriously. That disclaimer then, should be on every article that this guy puts in the public arena.

I'm saying all this because under company law, a company is not allowed to tell lies about its operations to its clients.
That is to say, they can't depict products or services to be such and such, if they don't measure up to their claims.
They can't advise clients that they are solvent, if they are insolvent at the time, etc, etc.
All these things carry hefty fines.
Why should the media outlets that allow these guys to use their product to proclaim their message be let off scott free?

Just interesting, that's all.
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#7 User is offline   Bernard L. Madoff 

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Posted 16 December 2011 - 10:47 AM

View PostSolomon, on 15 December 2011 - 10:10 PM, said:

Thanks Bernard and Peachy.
Appreciate your responses.

So then!
This guy can say virtually anything in the public domain, and cannot be held accountable for it.
So the only way to counter his lies, is to use hyperbole or tell bigger lies on the other side of the argument!!!!
That would seem to me to be a negative spiral that would only lead to more confusion in the general public.

If it were to become obvious at some point in the future that the guy told outright lies, that his claims were unsubstantiated, and that he deliberately misled the public, can he be then held accountable?
Can the medium he uses to tell lies be held accountable?
For example if he uses a newspaper can the newspaper be held accountable for printing lies?
I know this might only align to a small fine, under some obscure part of the law, but it would be a fitting warning to anyone wanting to print "lies", in the future.

Of course, I know that the media, will argue in defense that it was simply an opinion piece, and no one should take it seriously. That disclaimer then, should be on every article that this guy puts in the public arena.

I'm saying all this because under company law, a company is not allowed to tell lies about its operations to its clients.
That is to say, they can't depict products or services to be such and such, if they don't measure up to their claims.
They can't advise clients that they are solvent, if they are insolvent at the time, etc, etc.
All these things carry hefty fines.
Why should the media outlets that allow these guys to use their product to proclaim their message be let off scott free?

Just interesting, that's all.

Its APRA not ASIC, my bad.

Here is what happens to the bottom feeders (read the link and then google the name and see what a star he was).
http://tasmanianreal.../02/hiatus.html

:furious:
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#8 User is offline   Solomon 

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Posted 16 December 2011 - 12:27 PM

View PostBernard L. Madoff, on 16 December 2011 - 10:47 AM, said:

Its APRA not ASIC, my bad.

Here is what happens to the bottom feeders (read the link and then google the name and see what a star he was).
http://tasmanianreal.../02/hiatus.html

:furious:

Thanks Bernard. (I've finally come around to calling you Bernard - I think of you like a St Bernard - saving those trapped in the avalanche, which was once the world economy, with a bottle of rum around your neck)

Puppet people it seems.
The puppet masters wear no blame.
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#9 User is offline   zaph 

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Posted 16 December 2011 - 10:45 PM

View PostSolomon, on 15 December 2011 - 10:10 PM, said:

Thanks Bernard and Peachy.
Appreciate your responses.

So then!
This guy can say virtually anything in the public domain, and cannot be held accountable for it.
So the only way to counter his lies, is to use hyperbole or tell bigger lies on the other side of the argument!!!!
That would seem to me to be a negative spiral that would only lead to more confusion in the general public.

If it were to become obvious at some point in the future that the guy told outright lies, that his claims were unsubstantiated, and that he deliberately misled the public, can he be then held accountable?
Can the medium he uses to tell lies be held accountable?
For example if he uses a newspaper can the newspaper be held accountable for printing lies?
I know this might only align to a small fine, under some obscure part of the law, but it would be a fitting warning to anyone wanting to print "lies", in the future.

Of course, I know that the media, will argue in defense that it was simply an opinion piece, and no one should take it seriously. That disclaimer then, should be on every article that this guy puts in the public arena.

I'm saying all this because under company law, a company is not allowed to tell lies about its operations to its clients.
That is to say, they can't depict products or services to be such and such, if they don't measure up to their claims.
They can't advise clients that they are solvent, if they are insolvent at the time, etc, etc.
All these things carry hefty fines.
Why should the media outlets that allow these guys to use their product to proclaim their message be let off scott free?

Just interesting, that's all.


i can't think of any recourse under tort or criminal law, but my limited legal training (B.Com) mostly focused on contract law.

if you purchased the advice and it turned out to be wrong you may have a claim in contract law. but i'd 101% guarantee there's a term or condition in the contract that anything in the advice is not guaranteed. even if it didn't exist the spruiker may be able to claim it was puffery.

puffery is something that is so absurd that a 'reasonable man' would not believe it and therefore can not be relied upon. eg - this 30 year old datsun 180b can do 250ks per hour and will ensure that you pull the chicks and get laid every night for the next year.
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#10 User is online   tor 

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Posted 16 December 2011 - 11:04 PM

View Postzaph, on 16 December 2011 - 10:45 PM, said:

puffery is something that is so absurd that a 'reasonable man' would not believe it and therefore can not be relied upon. eg - this 30 year old datsun 180b can do 250ks per hour and will ensure that you pull the chicks and get laid every night for the next year.

Would be amusing to see them try that defence, the publicity would be awful.
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#11 User is offline   staringclown 

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Posted 17 December 2011 - 01:12 AM

View Postzaph, on 16 December 2011 - 10:45 PM, said:

eg - this 30 year old datsun 180b can do 250ks per hour and will ensure that you pull the chicks and get laid every night for the next year.


Posted Image
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#12 User is offline   Chimerica 

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Posted 17 December 2011 - 08:32 AM

View PostSolomon, on 15 December 2011 - 06:50 AM, said:

Thanks zaph;
Can this guy be held accountable for such statements?
For all the legal eagles who honour us with their presence.
If a person were to purchase based upon a public statement such as this, is there legal recourse, to recoup any losses from the person who stated it?


I remember reading an article where Irish investors who had lost money on RE were trying to sue the newspaper journos. Apparently, the journos were wined, dined and holidayed by the property developers in return for glowing articles about 'rock solid' investments which influenced the would be investors. Don't know the legal outcome, if any. Thank goodness our journos are unlike those sleazy Irish.
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#13 User is offline   staringclown 

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Posted 17 December 2011 - 11:14 PM

Dr Ando hits the beaches...


Tweed property freefall bottoms out

Quote

THE freefall of property prices on the Tweed appears to have finally bottomed out, with experts optimistic for a market recovery next year.

House prices in the Tweed region fell nine per cent overall in 2011 but latest quarterly results have provided hope for an industry desperate for some good news with sale prices stabilising.

Australian Property Monitors said house prices on the Tweed for the period from July to September this year fell just 0.2 per cent.

The median house price on the Tweed is $405,000.

Senior economist for Australian Property Monitors Dr Andrew Wilson said homeowners could expect to see the market recovering by the second and third quarter of 2012, making up the ground it lost this year.

He said a strong resurgence in southeast Queensland, lead by more construction projects, and the continued resources boom elsewhere in the state, was expected to flow down to the border region.

"The market has now bottomed out, but it is not in recovery mode yet," said Dr Wilson.

"There is a lot more movement in the market now whereas earlier this year, there was a disconnect between buyers' and sellers' expectations.


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#14 User is offline   Solomon 

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Posted 18 December 2011 - 05:20 AM

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"There is a lot more movement in the market now whereas earlier this year, there was a disconnect between buyers' and sellers' expectations.

Dr Ando must live in a parallel universe.
Is he serious?????
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#15 User is offline   ummester 

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Posted 18 December 2011 - 10:37 AM

View PostSolomon, on 18 December 2011 - 05:20 AM, said:

Dr Ando must live in a parallel universe.
Is he serious?????


In his universe - yea, probably.

My boss told me once about people on 250k plus wages. Before they get them, they don't think anyone deserves them, after they do they spend most of their lives justifying to themsleves why they do. Ando has spent however long justifying to himself and others that a ponzi is a good and sustainable thing - I'm pretty sure in his universe, he seriously believes whatever he dribbles.
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#16 User is offline   sydney3000 

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Posted 18 December 2011 - 10:52 AM

View Postummester, on 18 December 2011 - 10:37 AM, said:

My boss told me once about people on 250k plus wages. Before they get them, they don't think anyone deserves them, after they do they spend most of their lives justifying to themsleves why they do.


I think both perspectives can be true. I don't think I should be paid more for what I currently do but I do believe $500,000/year would be a reasonable salary if I was to be put into a position where I can make certain achievements happen such as resolving the GFC, reforming transport in Sydney, reforming policy frameworks such as Australian tax law, etc. A problem arises in society if the wrong people are put into leadership positions, the remuneration ends up in the wrong hands and no desired results eventuate.

This post has been edited by sydney3000: 18 December 2011 - 10:53 AM

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#17 User is offline   ummester 

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Posted 18 December 2011 - 11:33 AM

View Postsydney3000, on 18 December 2011 - 10:52 AM, said:

I think both perspectives can be true. I don't think I should be paid more for what I currently do but I do believe $500,000/year would be a reasonable salary if I was to be put into a position where I can make certain achievements happen such as resolving the GFC, reforming transport in Sydney, reforming policy frameworks such as Australian tax law, etc. A problem arises in society if the wrong people are put into leadership positions, the remuneration ends up in the wrong hands and no desired results eventuate.


I was told, by the same guy, this reason psychological explanation for that - can't remember the name. It basically reasoned that the wrong people get promoted because they believe they deserve it and the right people don't apply because they don't think they are that good.

Personally, i'm not sure if any jobs should be that highly paid. Bosses should get more than staff and CEOs more than bosses, sure, just like Lts get mopre than SGTs and so on in miltary systems. You should be paid for making descisions but most things require a team of people to make them work and the divide between payment for hierarcy in a team should never be that great, IMO.

If someone hits it lucky with artistic creation, scientific invention or capital investment or something then I guess they deserve renumeration.

I recon though, that if someone did some serious wage study, they would find in these last couple of bubbly decades the divide between upper and lower wages has increased substantially. It is that division that I feel needs to be righted somehow. Is a bank CEO really 100+ times more important than a teller in that environment?
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#18 User is offline   Peachy 

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Posted 18 December 2011 - 08:32 PM

View Postummester, on 18 December 2011 - 11:33 AM, said:

I was told, by the same guy, this reason psychological explanation for that - can't remember the name. It basically reasoned that the wrong people get promoted because they believe they deserve it and the right people don't apply because they don't think they are that good.

Personally, i'm not sure if any jobs should be that highly paid. Bosses should get more than staff and CEOs more than bosses, sure, just like Lts get mopre than SGTs and so on in miltary systems. You should be paid for making descisions but most things require a team of people to make them work and the divide between payment for hierarcy in a team should never be that great, IMO.

If someone hits it lucky with artistic creation, scientific invention or capital investment or something then I guess they deserve renumeration.

I recon though, that if someone did some serious wage study, they would find in these last couple of bubbly decades the divide between upper and lower wages has increased substantially. It is that division that I feel needs to be righted somehow. Is a bank CEO really 100+ times more important than a teller in that environment?

Is a CEO worth 100 times more than a teller in a bank? I don't think that its rhetorical question which must be answered negatively.

After all a $10m salary is more than justified if the CEO can bring in some sweetheart deals or productivity changes that net more than $10m. These are thongs that a 100tellers can't do.

Anyhow, to change topics slightly,I find that as I grow more experienced and better paid, I am less motivated by money. After all, above a certain comfortable wage it all gets dumped into savings (I don't need more stuff) so there is no day-to-day impact of getting another $5k, say.

I wonder if the money motivation comes back after a certain wage level, eg to make people really keen to go from $1m to $2m per year? Or am I alone in my growing indifference for additional income?
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#19 User is offline   Solomon 

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Posted 18 December 2011 - 11:01 PM

View Postummester, on 18 December 2011 - 11:33 AM, said:

Personally, i'm not sure if any jobs should be that highly paid. Bosses should get more than staff and CEOs more than bosses, sure, just like Lts get mopre than SGTs and so on in miltary systems. You should be paid for making descisions but most things require a team of people to make them work and the divide between payment for hierarcy in a team should never be that great, IMO.

If someone hits it lucky with artistic creation, scientific invention or capital investment or something then I guess they deserve renumeration.

I recon though, that if someone did some serious wage study, they would find in these last couple of bubbly decades the divide between upper and lower wages has increased substantially. It is that division that I feel needs to be righted somehow. Is a bank CEO really 100+ times more important than a teller in that environment?

Totally and utterly - off topic!!!
What Umm posts is a good question with a whole range of responses.
Its actually a pet subject of mine, and I've commented in other places about it.
It suggests firstly that all human beings are not equal.
Is this true?
That given the circumstances of their environment and birth place and time, they would not all be capable of achieving what others do.
Is this true?
Apart from obvious disabilities caused by genetics or accident, could another human being placed into a position of privilege still be able to achieve the outcome of those who claim to have some higher advantage?
It has been the stuff of movies (My Fair Lady, Changing Places, Freaky Friday, etc) and numerous behavioural studies (Carl Rogers, Pavlov, Myers/Briggs, etc) which illustrate that given the right instruction and adequate training that most human beings can excel.
In fact recent neurological studies suggest that even our IQ, once believed to be static can in fact be enhanced, given the right stimulus. The measure of IQ is based on the assumption that you are born with a particular IQ and it stays constant.
Various physchological studies would suggest that people are wired differently however, and may approach problems from different angles.

Quote

The "big five" are broad categories of personality traits. While there is a significant body of literature supporting this five-factor model of personality, researchers don't always agree on the exact labels for each dimension. However, these five categories are usually described as follows:

Extraversion: This trait includes characteristics such as excitability, sociability, talkativeness, assertiveness and high amounts of emotional expressiveness.

Agreeableness: This personality dimension includes attributes such as trust, altruism, kindness, affection, and other prosocial behaviors.

Conscientiousness: Common features of this dimension include high levels of thoughtfulness, with good impulse control and goal-directed behaviors. Those high in conscientiousness tend to be organized and mindful of details.

Neuroticism: Individuals high in this trait tend to experience emotional instability, anxiety, moodiness, irritability, and sadness.

Openness: This trait features characteristics such as imagination and insight, and those high in this trait also tend to have a broad range of interests.

It is important to note that each of the five personality factors represents a range between two extremes. For example, extraversion represents a continuum between extreme extraversion and extreme introversion. In the real world, most people lie somewhere in between the two polar ends of each dimension.


So if its true that most of our capability are derived from nurture, rather than nature, what makes a CEO any more important than the janitor.
Is it an implied importance. That is, has it simply been implied that a person in a position of decision making and overall oversight has more importance than someone who completes mundane tasks. That would seem to be how the western industrialised world has determined it should be.
We also grade professions on the basis of their importance as well.
For instance, Doctors are regarded as more important than lawyers, or accountants or engineers, purely because of the work they perform.
But Paramedics and Nurses, are not paid anywhere near the equivalent of doctors, lawyers or accountants. Is this fair?
What constitutes our determination of levels of human beings, in terms of their labour and knowledge?
In certain countries of the world, monks and holy men and women are held in high esteem, whereas in most Western countries they are regarded as irrelevent.
Why the disparity?
Is a single human being 100x more important than another in the scheme of society?
What about 50x or 10x.
How do we ultimately determine that.
Based on salary alone?
There is a lot more material contained in the question Umm proposes than a cursory glance suggests, and whilst I read Peachy's reply, I don't necessarily agree with it.

Mod's can delete this post, or move it if they deem necessary to do so.
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#20 User is offline   tom 

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Posted 19 December 2011 - 01:23 AM

View PostPeachy, on 18 December 2011 - 08:32 PM, said:

After all a $10m salary is more than justified if the CEO can bring in some sweetheart deals or productivity changes that net more than $10m. These are thongs that a 100tellers can't do.



I have worked around private companies and public ones and have found that private (i.e. owned by a handfull of individuals) tend to pay middle managers more and their bosses less. They get strong performers at the operations end but don't get the famous CEO's and directors.

I don't know if it has even been studied, it would make one hell of a research thesis comparing the difference in remunerations in public v private companies but my suspicion is when an indivual owns a company they get the best they can from the best people they can for the lowest remuneration possible. This can still be a lot of money when incentives and the like are thrown in. This usually involves growing a strong talent pool from within and getting them through the food chain and looking after them across a career rather than paying millions to get across the odd strong performer later.

I cannot help but think in addition to that you have in a public company (i.e. collectively owned by lots of people on the stock exchange) the turkeys basically voting for christmas rather than an owner who clearly has a vested interest to get the best result and the unilateral power to achieve it. It seems for the most part this never involves paying his CEO 10M per annum.

So when people tell me that a CEO is worth 10M etc I ask, would an individual owner do that? He knows who his strong performers are and does not have a vested interest in putting on weak managers to basically shore up the need (and remuneration for the upper ones who make the decision on their own pay in public companies!

There is possibly a counter argument to this though in that an owner or owners of a large company is generally a pretty strong performer himself so perhaps they do not need a strong senior management team for this reason.

So who needs to do a doctorate thesis this year?
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