Tuesday, December 19, 2006

Charity of the Rich

The US has a long history of rich entrepreneurs giving away their billions for admirable causes such charity and education (and, unfortunately, to creationism exhibitions). Even in Australia a number of libraries were donated by the American steel magnate Andrew Carnegie. Unfortunately, the Australian rich seem not to share the same generous tradition of their American counterparts. However, a change may be in the wind:

Amid the billions rotating around the tailfin of the Flying Kangaroo yesterday, the most astonishing amount was the smallest: A sum, perhaps $30 million, perhaps $60 million, that Qantas chief executive Geoff Dixon has decided not to take.

Dixon is staying with Qantas, and leads the few dozen executives who are being dealt a total of 1 per cent of issued capital as part of the deal. But in a statement yesterday he said he and his family had decided that a key component in his remuneration package, a long-term investment scheme, would be gifted to a charitable trust "for the benefit of the community" — medical research and indigenous health in particular.


Interesting. Dixon tells the unions to piss off one minute, the next he's pledging millions towards charity. The late thuggish Kerry Packer apparently gave away some of his money secretly to charities (he also, allegedly, gambled away over 20 million in one night at a London casino). If Packer can receive a state (sponsored) funeral, I wonder what Dixon deserves?

2 Comments:

Anonymous Anonymous said...

The ghost of Kerry F'Ing Packer can rise up from the grave and BLOW ME, charity or no.

To this Qantas man, however, I salute you. My dad, the union man, would probably shoot me if he found out though....

3:16 pm  
Blogger Engels said...

Perish the thought of disturbing the the old goanna from smoking a cigar and playing polo...

2:53 pm  

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