Sunday, 21 November 2010

Well, I got that one wrong!

Saturday's headlines about Clive Palmer's generosity with his staff at Yabulu has made me reassess the man - clearly he's a much smarter business owner than I expected.

While the the $10m face value of Saturday's party plus the 55 Mercedes Benz sedans, 700 holidays for two in Fiji, and 50 weekends in Port Douglas is iimpressive, the real cost was probably closer to half that (55 by Merc CLC 200 K Evolutions @ $58k each = $3.2m book values before what would be a VERY big bulk discount)

Either way- it's not a bad investment for $16m in (presumably recurrent) savings and the lifelong loyalty of his staff (and associated reduced turn-over costs as a result).

Now that's smart business and smart management!
* Honourable mention goes to Mercedes Benz who got a free page-5 pic and endless free mentions in the three pages of coverage

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