From Richard Goyder, CEO of Wesfarmers, who took home $8 million in 2012:
Wesfarmers managing director Richard Goyder has expressed disappointment at reaction to the Federal budget, saying Australians need to think about the resilience of the economy rather than the impact of the budget on household incomes.
“My disappointment in the reaction to the budget is the conversation has been about what the cost to people is…rather than what are the options,” Mr Goyder told analysts and investors at Wesfarmers’s annual investor day in Sydney on Wednesday
“A household has a limited income and therefore has to cut its cloth in terms of expenses and make choices,” he said.
Being the head of Australia’s largest retailing conglomerate, which is the direct line of fire of trashed consumer confidence, I would have thought Mr Goyder would be better served expressing his sympathy for those on the receiving end of ill-targeted Budget cuts. If I were a shareholder I might even be a little pissed off.
