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Murray Olds: Australian correspondent on Qantas slashing former CEO's exit paycheck · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks. That'd be
• 0:12
  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Ozsie Prome.
• 0:17
  Speaker 3: Minister Elbow has responded to our own Prime Minister's joke
• 0:20
  Speaker 3: about Ossie's in Parliament yesterday. So Chris Luxen, this is
• 0:23
  Speaker 3: what he said when he was defending Paul Goldsmith's decision
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  Speaker 3: to cut all the Marty words out of an invitation
• 0:27
  Speaker 3: to an Ossie Cabinet.
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  Speaker 4: Minister, and what I'd say to you.
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  Speaker 5: In my dealings with Australians, it's always pays to be
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  Speaker 5: incredibly simple and clear and use English.
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  Speaker 2: Here's what Elbow thinks of that.
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  Speaker 5: Christopher Luxen's a friend of mine, but I often think
• 0:40
  Speaker 5: that whilst we both speak English, sometimes we need interpreters
• 0:46
  Speaker 5: with the Kiwi accent. From time to time things can
• 0:49
  Speaker 5: be missed between us and Lord.
• 0:51
  Speaker 2: It's rich coming from him with that accent.
• 0:53
  Speaker 1: Right international correspondence with ends and eye insurance, peace of
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  Speaker 1: mind for New Zealand business.
• 1:00
  Speaker 2: Murray Old Ozsi correspondents with us now heymus.
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  Speaker 4: Bombs of beauty, beauty bombser mate.
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  Speaker 2: I mean.
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  Speaker 3: Even there, you must appreciate that Elbow's accent is atrocious.
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  Speaker 6: Well matey, yes, I mean he does seem to have
• 1:15
  Speaker 6: a unique way of mangling Australian English, that's for sure.
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  Speaker 6: But I remember my mum bless her years ago. I'd
• 1:23
  Speaker 6: come home for a holiday to crash church and said, Masa,
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  Speaker 6: I don't understand the what just sag?
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  Speaker 4: So even poor old mum struggled.
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  Speaker 2: That's a really bad qui accents. We're going to forgive you.
• 1:35
  Speaker 4: Hey.
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  Speaker 3: So I see your governor is still talking tough on
• 1:39
  Speaker 3: maybe hiking the old oc Are there absolutely right?
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  Speaker 6: Michelle Bullock says the bank will not hesitate to lift
• 1:46
  Speaker 6: rates if inflation looks like getting out of hands.
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  Speaker 4: She said that is the number one issue over here.
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  Speaker 6: The Reserve Bank did keep the cash right on hold
• 1:53
  Speaker 6: heather on Tuesday, as we know, at that regular meeting
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  Speaker 6: and suggested the earliest rate cut would come early in
• 2:01
  Speaker 6: twenty twenty five, which would time in with the government's
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  Speaker 6: planned election. A pretty damn well. But the governor today,
• 2:08
  Speaker 6: he had a speech in northern New South Wales and said,
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  Speaker 6: guess what. The board is focused on getting inflation down
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  Speaker 6: because it impacts everybody. One third of Australians have a
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  Speaker 6: mortgage and that's tough, she said, agreed, Lots and lots
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  Speaker 6: of people are struggling, but she's more concerned about the
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  Speaker 6: greater good. And the bank's inflation target range two to
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  Speaker 6: three percent by Christmas twenty twenty five. They're saying the
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  Speaker 6: rate right now of inflation three point eight percent. And
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  Speaker 6: whatch Also for a bit of a bonfight between the
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  Speaker 6: Reserve Bank and the government, the government, I should say
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  Speaker 6: it's my Australian accent the government because the Government says
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  Speaker 6: things are looking good, the Reserve Bank says not so flash.
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  Speaker 4: Yeah.
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  Speaker 2: Hey, sucks to be Allan Joyce today, isn't it.
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  Speaker 4: Yeah, he's not worried about inflation though. Parole Allen, the
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  Speaker 4: former Quadis boss.
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  Speaker 6: He's last year he got a bugger off paycheck because
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  Speaker 6: he was leaving after fifteen years in the top job.
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  Speaker 4: His goodbye check was twenty five million dollars.
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  Speaker 6: Well, the outcry was such the board of the Flying
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  Speaker 6: Kangaroo called in an outsider and said, can you run
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  Speaker 6: your eye over the books please? Well, guess what, Alan
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  Speaker 6: Joyce has been snipped ten million dollars because he.
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  Speaker 4: Wasn't that good.
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  Speaker 6: After all, he has to survive on his final payout
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  Speaker 6: of fifteen million.
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  Speaker 4: Have a listen what.
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  Speaker 6: They found the Flying Kangaroo under Alan Joyce's leadership, Basically,
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  Speaker 6: the relationship between staff and the public just pancaked. It
• 3:32
  Speaker 6: found between the Flying Kangaroo and its own staff dreadful
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  Speaker 6: because I went in sacked heaps of people while paying
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  Speaker 6: the executive's enormous.
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  Speaker 4: Amounts of money. So basically, Ellan Joyce.
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  Speaker 6: Look, once upon a time Australians would queue up to
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  Speaker 6: fly quantas. Now you talk to anybody in the street,
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  Speaker 6: the golf club, the pub, they go out of their
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  Speaker 6: way to avoid flying coantas because it's so bloody horrible.
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  Speaker 2: Yeah, okay, that's quite interesting, insight.
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  Speaker 3: Hey, pretty good, pretty good Olympics for you, guys am.
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  Speaker 4: The Australians are doing well.
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  Speaker 6: The best return ever at an Olympic Games in terms
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  Speaker 6: of medals won in terms of gold medals for that matter,
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  Speaker 6: eighteen gold medals, and the best in a single day
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  Speaker 6: ever yesterday with six medals, including four gold medals in
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  Speaker 6: four hours. You know the men's scape or the women's skate, Well,
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  Speaker 6: that little child's fourteen years old.
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  Speaker 4: He just knocked them off, which was extraordinary.
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  Speaker 6: Sailing a women's pole vault and so on track cycling
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  Speaker 6: and Australian now third in the medals tally. I've been
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  Speaker 6: asked over here to do a few lines on per capita.
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  Speaker 6: Dominica comes out on top, one gold medal from a
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  Speaker 6: population of seventy thousand people. Australians are coming in fourth
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  Speaker 6: eighteen gold medals from twenty seven million. New Zealand is
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  Speaker 6: sixth and the United States way down thirty fourth place.
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  Speaker 6: China one point four billion people, twenty five gold medals,
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  Speaker 6: forty eight.
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  Speaker 3: Oh, we'll have to do it per capita. I appreciate that. Thanks,
• 4:55
  Speaker 3: Mars appreciated. It's Murray Olds, Australia correspondens.
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