Domino’s boss scores massive multi million $$$$ pay day from cheap pizza

AUSTRALIA’S best-paid CEO has made his fortune selling pizza, it has been revealed.

A new report by the Australian Council of Superannuation Investors (ACSI) named Domino’s Pizza boss Don Meij as the country’s highest-earning CEO, after he took home a whopping $36.84 million last year.

The pizza boss made his dough after he exercised options to acquire shares worth $35.7 million.

Don Meij beat out Westfield’s Peter and Steven Lowy, who made a combined $25.9 million in 2017, and Macquarie’s Nicholas Moore, on $25.19 million, for the top spot.

After the news broke, Prime Minister Malcolm Turnbull said the pay packets of our company chief executives were “extraordinarily high”.

“As someone who most of his life has worked in businesses that I’ve only owned or been a partner in, I find the amount, the pay rates for people working as an employee for a lot of big public-listed companies extraordinarily high,” Mr Turnbull told 3AW radio on Tuesday.

He said Mr Meij’s salary “seems like a hell of a lot”.

“They’d have to be extremely productive,” he added.

The new figures reveal Aussie CEO’s are enjoying the fattest pay packets in 17 years.

ASCI chief executive Louise Davidson told the ABC the results showed CEO’s were not with it.

“At a time when public trust in business is at a low ebb and wages growth is weak, board decisions to pay large bonuses just for hitting budget targets rather than exceptional performance are especially tone deaf,” Ms Davidson said.

According to the survey, median-realised pay for ASX 100 chief executives rose 12.4 per cent to $4.36 million while bonus payments rocketed by more than 18 per cent.

Henry Sapiecha

The Biggest Sham In The History Of Mankind – Who Owns The Federal Reserve? Hidden Secrets of Money 4


Published on 15 Oct 2013

Bonus Presentation here: Who owns the Federal reserve? You are about to learn one of the biggest secrets in the history of the world… it’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is.

Gone are the days where a family can survive on just one paycheck… every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today.

The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years.

Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world… because it will change the system .

For this is the biggest Hidden Secret Of Money.

Never in human history have so many been plundered by so few, and it’s all accomplished through this… The Biggest Scam In The History Of Mankind.


Henry Sapiecha

Atlassian: the Australian millionaire factory. Story in videos & pics.



Atlassian surges in debut

Shares of Australian business software maker Atlassian soar in their Nasdaq debut.

They’re known as the “Royals” and “the chosen ones” — the select few invited to be in New York on Thursday morning to ring the bells celebrating the opening of the stock exchange and Australian tech darling Atlassian’s massive IPO.

About 40 Atlassian employees — many of whom were hand-picked by co-founders Mike Cannon-Brookes and Scott Farquhar in the company’s early years — celebrated overnight as they became multi-millionaires and Atlassian became a company with a market cap of $US5.74 billion ($7.9 billion).

Atlassian, a leading provider of collaboration software for teams with products, opened for trading on The Nasdaq Stock Market image

Atlassian, a leading provider of collaboration software for teams with products, opened for trading on The Nasdaq Stock Market on December 10, 2015. Photo: Christopher Galluzzo

By the end of Thursday’s trading in the US, however, more than just those 40 became millionaires. Former Atlassian employees say more than 100 staff are now either millionaires or multi-millionaires.

It’s also understood the shares of a number of staff who joined in recent years are now worth six figures.

“There are going to be a hundred people who are going to be millionaires today — at least on paper,” a former Atlassian employee, who didn’t wish to be named, told Fairfax Media.

Atlassian co-founders Scott Farquhar (right) and Mike Cannon-Brookes image

Atlassian co-founders Scott Farquhar (right) and Mike Cannon-Brookes. Photo: Trevor Collens

They added that the Royals had been “going out on lavish dinners and celebrations” while in New York in recent days and were already discussing how they should splurge their cash, and whether it should be on luxury cars.

Many are also considering investing their money in Australian start-ups, or starting their own.

“Mike and Scott’s legacy will be beyond Atlassian,” the former Atlassian employee said. “They want to make billionaires in Australia that are going to invest in Australian companies — the next wave of start-ups

Those likely to make the most from the IPO are those who joined between 2002, when the company started, and 2008. That’s when Atlassian offered employees the chance to buy shares at a much lower price than $US27, the price shares were trading for on Thursday as the market closed. For employees who were offered — and purchased — shares at 50 cents several years ago, their stake is now 5300 per cent more valuable.

While some employees chose to hedge their bets and sell some of their shares last year for $US16 to T. Rowe Price and Dragoneer Investment Capital in a financing round, many are understood to have held on to most of them.

When Atlassian received that financing, which valued the company at $US3.3 billion, Mr Cannon-Brookes declined to specify how many millionaires his company had made at the time, but said it was “not double digit”.

“That number [of millionaires] blew both Scott and I away,” Mr Cannon-Brookes said at the time to The Australian.

“That was probably the biggest achievement to come out of this [new investment] and [something] we hadn’t thought about.”

There’s never been a more exciting time to be an Australian — as Prime Minister Malcolm Turnbull would say — or, in this case, to be an Atlassian employee.


Henry Sapiecha

The Evolution of Money in the USA, From Feathers to Credit Cards


HISTORY OF MONEY OVER MANY LIFETIMEShouse of usa banknotes image

In the back closet of a large room that houses the entirety of the Smithsonian National Numismatic Collection, sits the taxidermic specimen of a Quetzal bird—curators call him Fred.

The metallic green and blue feathers shimmer in the light and it’s clear why this bird was so treasured— he is a tropical beauty. Found in the rain forests of Central America, the endangered bird held much significance for Mayan civilization. It was illegal to kill the bird, but its feathers were once used as currency, usually to purchase gold.

Today, though its feathers are no longer used for purchases, the bird remains highly revered in Central American culture, and Guatemalan money is actually called a quetzal. This taxidermic specimen is one of more than 1.6 million objects in the National Numismatic Collection, the largest in North America and one of the largest in the world.

After the establishment of the Smithsonian Institution, the numismatic collection slowly began expanding in the late 1800s. However, the most important event came in 1923 when then-Secretary of Treasury, Andrew Mellon, ordered the transfer of 18,324 coins from the U.S. Mint collection in Philadelphia to Washington, D.C. for safekeeping and as part of a way to build the national collection.

As Jeff Garrett, author of the Encyclopedia of United States Gold Coins, writes in his brief history of the National Numismatic Collection, “ One letter I have seen in the Smithsonian collection from this period states: ‘the transfer of this collection to Washington will mean the shifting of the numismatic center of gravity, so to speak, in the United States from Philadelphia to Washington.’ This was no understatement!”

To display the richness of the collection, the National Museum of American History recently opened the exhibition “The Value of Money.” Located in the newly renovated first floor Innovation Wing, the gallery beckons visitors to pass through a polished steel vault door into a softly-lit room to view more than 400 artifacts from the collection, from shells, feathers and credit cards to the highly valued 1933 Double Eagle $20 dollar coin and an extremely rare $100,000 bill. Much more than a display of old coins, the exhibition showcases the creative intricacy and design of historic legal tender and details its backstories and allure.

“Our exhibit represents the opportunity to show the diversity and strengths of this collection and to excite people to think about history, culture and innovation through numismatic objects,” says curator Ellen Feingold.  “We embrace the theme of innovation, but we also really embrace the value of monetary objects for learning about history.”

hunded dollar notes line

1…Stones From the Island of Yap

rai stones images

Need cold, hard cash? Well, that’s what you’ll literally find on Yap— the island of stone money. The circular disks carved from limestone known as Rai, were brought over from Palau, part of the Federated States of Micronesia. Though the stones range in size, the larger ones can weigh thousands of pounds and were used for big transactions such as funeral payments, dowries or land purchases. Although the island now uses U.S. currency, Rai stones are still occasionally exchanged. (Pictured: Rai stone ring from the Island of Yap, 20th century)hunded dollar notes line

2…California Clams

California Clams money image

Still have those shells you collected at the beach? Back in the day, they could have been shelled out for your next purchase. Shells were one of the most widely used objects for transactions on almost every continent. In America, they were used as late as 1933, in the city of Pismo Beach, California, during the Great Depression, when there was a currency shortage and shells served as ready currency. The clamshells were inscribed with the same information you’d find on a note, complete with “In God We Trust.” (Pictured: 1 Dollar Clam Shell, United States, 1933)

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3…The First U.S. Cent

The First U.S. Cent image

Coins didn’t always say “In God We Trust.” In 1787, Congress authorized the first U.S. cent, known as the Fugio cent, made of copper. It featured an image of a sundial, and underneath, stated “Mind Your Business.” These were the wise words of Benjamin Franklin, who is credited with designing the coin. (Pictured: Fugio 1787 copper cent)

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4…Shilling From the Colonies

Shilling From the Colonies image

Rebelling against the crown, American colonists in the Massachusetts Colony started creating their own coins in 1652 during the interregnum—an 11-year period when there was no ruler in England. King Charles I had been beheaded in 1649 and the throne was not recovered until 1660. Creating coins had been an offense against the crown so clever colonists smartly crafted coins even after the throne was restore simply post dating them to 1652 long after the year had passed.  (Pictured: Shilling coin, Massachusetts Colony, 1667-74)

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5…Money Does Grow on Trees

Money Does Grow on Trees paper image

Although paper money had been around for decades in other countries, the United States had the first economy based on paper. The earliest note was issued by the Massachusetts colony in 1690. The colonists would have preferred coin, but the British limited how much coinage could come to the U.S. (Pictured: 20 shilling note, Colonial America, 1690-91)

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6…Blood Money

Blood Money note image

Colonial money stated, “To Counterfeit is Death” and they weren’t joking. Counterfeiting was a crime punishable by execution. During the Revolutionary War, British loyalist counterfeiters David Farnsworth and John Blair were caught with $10,000 in counterfeit and hanged. Today, punishment includes up to 15 years in prison and/or a fine. (Pictured: 9 pence note, Colonial America, 1777)

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7…The Secret Service

The Secret Service image

Today the Secret Service guards and protects presidents and their families, but the agency was originally created to suppress counterfeit money. During the Civil War, a reported one third of the currency in circulation was counterfeit. In 1865, the Secret Service was created to track down those villainous fabricators, closing more than 200 counterfeiting plants in its first year.

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8…$100,000 Bill

$100,000 Bill usa image

The $100,000 bill, a 1934 Gold Certificate, is the largest denomination ever printed by the U.S. Bureau of Engraving and Printing. However, the bill was never circulated and was reserved only for use by the Federal Reserve for large transactions. A total of 42,000 certificates were produced and later discontinued in 1935. All but a dozen or so were destroyed. It is illegal to possess the bill, which is why you’ve probably never seen one. (Pictured: 100,000 dollar gold certificate, United States, 1934)

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9…The 1933 Double Eagle

The 1933 Double Eagle usa gold coin image

Worth millions, the 1933 Double Eagle gold coins continue to captivate people. After Franklin D. Roosevelt decided to abandon the gold standard in 1933 and all gold coins were ordered exchanged for paper currency. All but two of the Augustus Saint-Gaudens designed Double Eagle $20 coins (which came to the Smithsonian as “coins of record”) were destroyed. However, a handful of coins disappeared from the Philadelphia Mint just as the last were sent to be melted down. No one really knows how many survived. In 2005, ten suddenly showed up, evidently having escaped the melting chambers. The government confiscated them. But in April 2015, a federal court ruled that the rare $20 gold Double Eagle coins returned to a Pennsylvania family. (Pictured: 20 “Double Eagle” dollar coin, United States, 1933)

hunded dollar notes line

10…Day Late and A Dollar Short

Day Late and A Dollar Short usa bank note image

Notice the lack of women on U.S. currency? Martha Washington has been the only historic woman with her portrait on U.S. paper currency on the face of the $1 Silver Certificate of 1886 and 1891 and the back of the $1 Silver Certificate of 1896. Although the “Women on 20s” campaign pushed to replace Andrew Jackson on the $20 with a significant American woman, U.S. Treasury Secretary Jack Lew recently announced that a woman would instead be featured on the $10, in 2020. The question remains, who? (Pictured: 1 dollar silver certificate, United States, 1896)

hunded dollar notes line


Henry Sapiecha

Australia’s richest and poorest postcodes shown by tax statistics

blonde woman flashes oz banknotes image

Australia’s richest and poorest postcodes revealed

ATO statistics reveal the country’s poorest and richest postcodes, with some surprises.

Australia’s richest live in harbourside Sydney and earn more than eight times the nation’s poorest, who live in rural NSW, Tax Office statistics show.

The latest Taxation Statistics for 2012-13, based on information people report in their tax returns, again highlights the enormous pay gap between the nation’s richest and poorest – there’s an average (mean) income difference of $155,823 between the richest postcode (2027) and poorest postcode (2403).

A total of 5980 Australia’s highest earners fell within postcode 2027, which takes in Edgecliff, Rushcutters Bay, Darling Point and Point Piper in Sydney. It took the number one spot in 2011-12 as well. In this area, which falls within Communications Minister Malcolm Turnbull’s electorate of Wentworth, the average taxable income was $177,514.


In the poorest area, postcode 2403 in rural NSW, takes in Myall Creek – the site of the massacre in 1838 where 30 unarmed indigenous Australians were murdered – as well as Delungra and Gragin. Here there were 350 people and the average taxable income was $21,691.

The information, based on the returns of 12.77 million taxpayers, does not account for people in the cash economy or with money sitting in offshore tax havens. But it does take into account tax breaks such as negative gearing when assessing average taxable income.

The data also shows the nation’s highest earning professions. The top 10 included 3570 surgeons with average taxable income of $361,202.

The next highest earning professions were 3015 anaesthetists with average taxable income of $319,033; 7525 “internal medicine specialists” (diagnosing internal disorders) with taxable income of $263,601; 5090 financial dealers with average income of $219,213 and 2645 judicial and other legal professionals with an income of $192,189.

The remaining top 10 included psychiatrists, mining engineers, “other medical practitioners”, chief executives and managing directors and “generalist medical practitioners”.

In terms of postcodes, six of the top 10 richest were in inner and eastern Sydney, three were in Victoria, and one was in Perth.

Sydney’s harbourside eastern suburbs have once again topped the list of Australia’s richest postcodes


The nation’s second richest postcode was the town of St Andrews in Victoria, which sits north-east of Melbourne. It’s the first time it has made the top 10, and given 655 people fell within the ATO’s data there, it’s possible the average ($148,967) is pulled up by one wealthy person. The ATO would not confirm this, saying it does not disclose information on individual taxpayers.

The third richest postcode nationally in 2013 was 2023, the eastern Sydney suburb of Bellevue Hill. There were 6945 people who lodged returns in this area, and the average taxable income was $143,112. In fourth place was postcode 6011 in Perth. It took in the suburbs of Cottesloe and Peppermint Grove, where average incomes were about $142,504, and 6610 individuals were included. The fifth was the Melbourne suburbs of Hawksburn and Toorak, which typically makes the top 10, and average income was $142,000.

In terms of the poorest postcodes in 2013, seven are in regional NSW, two are in Queensland (4613 and 4626) and one is in Victoria (3637). This is a slight change from 2012, when five of the 10 poorest postcodes were in Victoria.

The second poorest postcode in the nation is 2359, which takes in Aberdeen, Bakers Creek and Bundarra. Here the average income is $24,742. The third poorest is 2361, taking in villages of Ashford, Atholdwood, Bonshaw, Limestone and Pindaroi. Here the average income is $25,431.

The ATO has tweaked the way it reports the data, making comparisons with 2012 data difficult, but income levels remain roughly the same, although there has been a slight increase in taxable income in line with inflation.

The most charitable region in the nation was the ACT – with 109,121 people claiming $62.7 million in deductible gifts and donations. The average claimed in ACT per person was $575. Overall $2.3 billion worth of gifts and donations were claimed nationally, with the average claimed per individual totalling $504.


Henry Sapiecha

Businesses targeted in $50 banknotes counterfeit currency scam


counterfeit australian fifty dollar notes image (2)

One of the fake 50-dollar notes.

counterfeit australian fifty dollar notes image (1)

Last month’s Western Derby not only brought the footy fans to Subiaco, but it seems it attracted criminals too, with local businesses reporting a surge in counterfeit 50 dollar notes passing over the counter.

Management at the Pure Bar said “lots of fake 50 dollar notes have been floating around” in the weeks since the big game, and described one particular forgery as “a cracker of a copy”.

“We are on the lookout, but when you’re dealing with high volume days, when we get lots of cash in the till, it’s very hard to keep on top of,” said Sheldon Hendry.

Henry Sapiecha