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Business bosses hide out in the Qantas Chairman's Lounge | afr.com
"Membership of the Chairman's Lounge is elite, small, and hermetically sealed from the rest of the world – a perfect metaphor for the leadership of big business in Australia. As with all such groupings of limited size, the pressure to conform is high. The global business elite have Davos at which they can assuage their guilt for getting paid many multiples of the average wage for doing not much at all. In Australia we have the Chairman's Lounge.
. . .
Few Chairman's Lounge members would notice if their family electricity bill went up by $100 a year because of climate change policies. And because government red tape hurts small business much more than big business, which is one of the reasons why so few business leaders talk about the need to reduce excessive regulation.
A CEO of a big business in Australia is most likely to have attained their status, and therefore their membership of the Chairman's Lounge, not because of their creativity or their skills of entrepreneurship for example, but because they can play corporate politics. The reality is that many CEOs of big businesses in Australia are company bureaucrats. And the companies they work for are bureaucracies that have a culture of bureaucracy.
. . .
Few Chairman's Lounge members would notice if their family electricity bill went up by $100 a year because of climate change policies. And because government red tape hurts small business much more than big business, which is one of the reasons why so few business leaders talk about the need to reduce excessive regulation.
A CEO of a big business in Australia is most likely to have attained their status, and therefore their membership of the Chairman's Lounge, not because of their creativity or their skills of entrepreneurship for example, but because they can play corporate politics. The reality is that many CEOs of big businesses in Australia are company bureaucrats. And the companies they work for are bureaucracies that have a culture of bureaucracy.