The power and wealth of one – $13.39 million a year

Telstra profits, executive pay and charges are all on the up, up, up –
“Sharemarket analysts estimate the $12 a year increase in home telephone access charges alone will boost Telstra’s annual after-tax profit by about $20 million – based on an average monthly charge of about $27.” A couple of days earlier The Australian reported “TELSTRA chief executive Sol Trujillo has increased his annual remuneration by 13.7 per cent to $13.39 million. Mr Trujillo’s package totalled $13.39 million in 2007/08, up from $11.78 million in the previous year, statements released by the company today show.”,24897,24174570-15306,00.html. And at the same time Telstra is reported by the Sydney Morning Herald to have a (no longer) secret plan to bust unions, picking on low union membership areas first.

The Communications Electrical and Plumbing Union is informing members of Telstras plot to break the union –

I’d like to find out more about how the union is drawing these 2 issues together, what it is saying about Telstra’s balance sheet, profits and executive pay. And is the union making any connections with Telstra customers?

Surely Telstra workers and customers alike could be united against this rip-off.


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