Tuesday, September 19, 2006

James Hardie highlights why shareholders need to be fined for murdering people for profits.

There is no doubt in my mind that the leaders of James Hardie industries are murderers in the highest degree, by killing 100's of 1000's of workers with knowledge of the murders for scores of years but the profits were too great and the penalties non existent so they continued to murder for profits.

And just to rub the salt into the wounds of the families of those murdered for profits,The top executive at James Hardie Industries has received a pay rise of more than 60 per cent in the past year.

The information is contained in the company's annual report, which also reveals that the company has spent $45 million so far dealing with the scandal arising from its provisions for asbestos victims.

The report shows the pay packet of CEO Louis Gries grew to $4.7 million, including bonuses and other benefits.

James Hardie Industries says the chief executive's pay reflects an increase in the company's profit.


So with no penalties issued towards share holders who are accesories to murder the company goes on reaping larger profits. It's time to do something positive for safety and that is to legislate for not only CEO's and Board Members to be treated as the criminals they are and be put in jail for murder (at least manslaughter) but also share holders to be penalised significantly!

The only way we are going to turn this trend of murdering workers for profits is to penalise those that exert influence over the companies responsible and that is the shareholder. Once shareholders start getting scared of loosing profits they will vote to make workplaces safer! Simple as that, but as it stands the shareholders reap the rewards of murder and as such keep ignoring workers and communities safety.

But an even worse example of the arrogance of these people in getting away with murder ELEANOR HALL: The Chairman of building products company James Hardie has told shareholders about the company's frustration at the continued stalemate over compensation to victims of the Hardies asbestos products.

But that failure hasn't stopped James Hardie's directors from proposing a much richer package for themselves. They're asking shareholders to vote for a 130 per cent increase in their fees.

Our reporter Barney Porter is at the meeting in Sydney and joins us now.

(to Barney Porter) So, Barney what did the Chairman tell today's meeting about the compensation package for asbestos victims?


Yet those still dying slow deaths are not going to get compensation for 12 months or so, the arrogance of James Hardie not only murdered many many workers but the one's still dying are to suffer waiting for a poor compensation package. Sure the chairman is frustrated, NOT! She is laughing all the way to the bank as well as the shareholders, the longer they can hold onto these compensation payments the more interest they earn on the money that has been put aside for it and hence increasing profits on the backs of those dying every single day they hold onto it. In fact in 12 months they probably earn enough interest to pay out without any hurt on the organisations bottom line.

This is a sick world when CEO's, Board Members and Shareholders get away with murder scott free, in fact they are rewarded with payrises for doing such a good job of murdering people. Too bad Johnny Howard is in their pocket, in fact I would class John Howard as an accessorie to murder the way he protects them.

Regards
Daniel

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