there is very little that is wrong with paying big bucks for big performance. the poor technciians who follow union dogma and cannot pay for their groceries because they get paid on a performance system that sees them loose money every time they work - is however is a problem.
Telecoms issue is that they speak in folked tongues. NZ wants a fair deal. Labour misrepresented the problem for several years suggesting that Telecom somehow seduced Nzers into demanding too much.( Ive used too much and cannot afford it)

Fundamentally Telecom needs to share the vision and share the spoils. Governments globally struggle when disproportionate amounts of equity flow out of a country as dividends. What needs to happen is NZers need to buy back all the Telcom shares. Sack all the contractors and only use employees. all employees have to become shareholders ( 30% of everyones package should be shares) so then its your company .. you make it work .. no whinging!

Boyd owes it to his predecessor who led him up to the trough. Reynolds has been average at best. So we've again paid over the odds.
But face facts, when he quits Telecom in a few years, HE will get a job in the business -- unlike his grossly incompetent predecessor, who couldn't crack a till job at Pak 'n Save; part-time, never mind in the Telecom's business.
When a company and its board makes a fool of itself, on the Gattung Scale of Gross Excess, it is doomed for the next decade to pay over the odds.....as it will until Boyd gets the heave-ho.
Let's not pretend it is anything more than running an SOE, where $500K should be adequate.
And I don't have any problem with Fyfe's salary and package at Air NZ. Worth every penny.

Boyd owes it to his predecessor who led him up to the trough. Reynolds has been average at best. So we've again paid over the odds.
But face facts, when he quits Telecom in a few years, HE will get a job in the business -- unlike his grossly incompetent predecessor, who couldn't crack a till job at Pak 'n Save; part-time, never mind in the Telecom's business.
When a company and its board makes a fool of itself, on the Gattung Scale of Gross Excess, it is doomed for the next decade to pay over the odds.....as it will until Boyd gets the heave-ho.
Let's not pretend it is anything more than running an SOE, where $500K should be adequate.
And I don't have any problem with Fyfe's salary and package at Air NZ. Worth every penny.

Telecom says its leading with with sign ups to XT network??? YEH RIGHT ! , no way as Vodaphone has more users on their networks than Telecom have .
And this will continue as customers sign over to any thing BUT TELECOM.
The CUSTOMER has seen how these guys opperate, Paying them selfs massive pay packets, while laying off the very people that made them PROFFITS in the first place.
Good old Reynolds called Andrew Little ( EPMU) leader who is trying to get these laid off TECHS back their jobs.
And Reynolds asked if there was any way he ( Little) could come to the table and talk about getting some Techs back to work in the far North.
So that just shows that a mistake has been made by these people and that they do require More Techs than what they have.
Not helping also is the Techs that did get conned into this owner opperator scam are just about to throw it all in as they are doing it real hard and are not making the money they were told they would make, so tuff times ahead for Telecom, so as customers leave them and Half of there qualified staff on the dole or moved onto some thing else, the future for Boyd and Reynolds and all the poor shreholders looks real grim, good reason to pay yourself a huge pay packet now as you wont get a job any were else Boyd and Reynolds when Telecom falls over.