And that Fahour is paid many times more than the head of the US Postal Service. Is there a more controversial family in Australia than the Fahours? Fahour, who is the brother of former Australia Post CEO Ahmed Fahour, was immediately red-carded for the incident, which shocked and outraged players and local onlookers. We’re up to it. Australia is quickly proving itself to be the land that rewards criminals and thugs. Ahmed Fahour. Mr Katter asked the Minister for Communications: “Australia Post’s CEO pre-corporatisation received $360,000, Ahmed Fahour the current CEO enjoys $5.6 million. To connect a sign in method the email must match the one on your Crikey account. Moustafa’s wife, Maysaa, is the chairwoman and director. egg_ #1342677, posted on June 11, 2014 at 8:08 am. [citation needed], Fahour joined NAB in September 2004 as CEO Australia, and became an executive member of the board. *Adam Schwab is a former corporate lawyer and the author of Pigs at the Trough: Lessons from Australia’s Decade of Corporate Greed. The Macquarie Bank is hand in glove with the Bendigo Bank…you know, the one that closed the accounts of the patriot Concerned Citizens of Bendigo. The former high-flyers aren’t flying quite so high now. [14], In June 2014, Fahour was widely criticised for his $4.8 million salary, whilst sacking 900 staff. [26], Fahour lives in Hawthorn, Melbourne, in a house that he bought in 2013 from Globe International co-founder Peter Hill for $20 million. And Moustafa’s wife, Maysaa, is the chair­woman and director. [21], In 2011, Fahour was appointed the Australian Government's special envoy to the Organisation of Islamic Cooperation. [3][4] His parents became successful businesspeople in Australia and have eight children. In addition to key Australia Post clients like Catch of the Day, also in attendance was none other than then-AFL CEO Andrew Demetriou. Last night, the AFL’s diversity manager Ali Fahour was suspended from playing AFL for life for a “king hit” to an opponent in a country football game. Former Australia Post boss Ahmed Fahour listed 21 Coppin Grove, Hawthorn, for sale with price expectations of $40 million (but only to the "best" buyer). Australia shows its commitment to Married at First Sight, Nine without MAFS goes to bed early — but the footy’s coming so who cares. Yes, that Ahmed Fahour, who recently resigned as CEO of Australia Post after public outcry over his $5.6 million annual salary, which made him one of the highest paid public servants globally. He is also the author of Pigs at the Trough: Lessons from Australia’s Decade of Corporate Greed. The Museum was established by Moustafa Fahour, who is Director of the Museum and Maysaa Fahour, with his brother Ahmed Fahour (CEO of Australia Post) and family contributing $4 million, early in 2014, to the IMA. I think that salary, that remuneration, is too high. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Fahour is the brother of former Australia Post CEO Ahmed Fahour, who stood down from his role earlier this year after controversy over his multi-million dollar salary. Contact us on: [email protected] or call the hotline: +61 (03) 8623 9900. Enter your email address and Crikey will send a Verification Code. founded by Ahmed Fahour’s brother Moustafa Fahour, when in the same year 900 Australia Post staff were sacked. Get a year of Crikey for just $99 — usually $199 — when you subscribe with the promo code CORRUPTION. [24], In October 2018, Fahour was appointed MD and CEO of Latitude Financial Services. The AFL is facing calls for Fahour, brother of former Australia Post CEO Ahmed Fahour, to be sacked from his league position. [15] He was once Australia's highest-paid public servant, receiving a total salary package of $5.6 million (including a $1.2 million bonus) in 2016. He is the managing director (MD) and CEO of Latitude Financial Services, and was formerly MD and CEO of Australia Post,[2] and CEO Australia of the National Australia Bank (NAB). Fahour was married to Dionnie[1] and has four children. Marshall White The … “We’ll decide who comes to this country..” It would appear that mantra means we’d choose scum over refugees. As Crikey reported back in 2012, while at Australia Post, Fahour invited 78 clients and acquaintances to travel to the London Olympics on a multimillion-dollar taxpayer funded extravaganza. Ali’s brother is Ahmed Fahour. Shortly after Ahmed departed NAB in somewhat controversial circumstances, Moustafa would also depart, this time back to Macquarie. Ahmed Fahour quit his role at AusPost after a public outcry including criticism from the Prime Minister about his remuneration. [citation needed] In 2017 Fahour was appointed an Officer of the Order of Australia for distinguished service to business, particularly in the area of postal communications, to the banking and investment sectors, and as a supporter of improved multicultural relations. The house was originally built for Sir James Frederick Palmer, the first Speaker of the Victorian Legislative Council and was later owned by the comic and entrepreneur George Coppin, before becoming a private school.[16]. Ahmed Fahour Islamic organisations in … His sister, MasterChef participant Samira El Khafir, is the head chef and manages the cafe on site. [11] Further letter volume decline led to reduced profits in FY2013 and FY2014, with repeated calls from Fahour for the government to support fundamental reform of the letter service to prevent Australia Post incurring future losses. The founder and director of the museum is former Macquarie Bank executive Moustafa Fahour – Ahmed Fahour’s brother. In 1987, he graduated from La Trobe University in Melbourne with a bachelor's degree of Economics. Fahour, who is the brother of former Australia Post CEO Ahmed Fahour, was immediately red-carded for the incident, which shocked and outraged players and local onlookers. [4] He has four brothers and three sisters. The privatisation plot against Australia Post. Andrew Demetriou has had a torrid time since leaving the AFL, chairing the advisory board of Acquire Learning, which recently became insolvent and received the second-largest ACCC fine in Australian history for taking advantage of vulnerable consumers, while Ali Fahour is now unemployed and banned from playing football for life. The founder and director of the museum is former Macquarie Bank executive OUTGOING Australia Post chief executive Ahmed Fahour has used his resignation announcement to take a not-so-subtle swipe at one of his biggest critics, Senator Pauline Hanson. Obviously Victorian branch officials or members are not invited to share the Champagne and Canapés with the suits! In 2004 Ahmed joined NAB as its Australian CEO (receiving a $13 million sign-on bonus), a few years later, Moustafa was appointed by NAB as general manager of private and institutional wealth (understood to be a far more senior role than what he previously held at Macquarie Bank and UBS). He was invited by the Prime Minister and Treasurer to be the interim CEO of the Australian Business Investment Partnership.[8]. When Fahour was running NAB in Australia, the bank became the major sponsor of the AFL’s pre-season competition. He leant on his brother, Ahmed Fahour, the CEO of Australia Post and other members of the Muslim community to raise the $12 million needed to build it. 'That's a matter for the AFL. Guests flew business class to London and stayed at five-star hotels while watching key events as well as the opening ceremony. Mr Katter’s Question raised Mr Fahour’s pay; the cost of postage doubling to $1 a letter; and the $2.8m pre-tax donation it is reported that Australia Post “mutually agreed” to give to the Islamic Museum of Australia, founded by Ahmed Fahour’s brother Moustafa Fahour, when in the same year 900 Australia Post staff were sacked. [5] Moustafa's wife, Maysaa, is the chairwoman and director. [7], Australian Institute of Company Directors, "Splitsville: Ahmed and Dionnie Fahour separate", "Australia Post CEO Ahmed Fahour resigns after salary furore", "Australia Post donates boss Ahmed Fahour's $2m bonus to Islamic Museum of Australia", "La Trobe University Alumni awarded for outstanding contributions to society", "Local boy comes back home to cleaning job at NAB", "Ahmed Fahour steps down from NAB Executive and Board", "Ahmed Fahour appointed new Australia Post MD and CEO", "Financial report - Australia Post Annual Report 2014", "Australia Post launches Digital MailBox beta", "Critics of Australia Post's decision to sack 900 staff questioning CEO Ahmed Fahour's $4.8 million salary", "Businessman Ahmed Fahour's landmark mansion to get a multimillion-dollar makeover", "Australia Post CEO paid $5.6 million in 2016", "Australia Post profit falls 56 per cent as letters business crashes", "Malcolm Turnbull says $5.6 million salary of Australia Post boss Ahmed Fahour is too high", "Ahmed Fahour joins BCG Digital Ventures to stay in identity game", "Foreign Minister Kevin Rudd Appoints Envoy to peak Muslim Body", "Officer (AO) in the General Division of the Order of Australia", "Humbled banks to retreat to core business, says new rival Fahour", https://en.wikipedia.org/w/index.php?title=Ahmed_Fahour&oldid=1003981899, Fellows of the Australian Institute of Company Directors, Articles with short description added by PearBOT 5, Short description is different from Wikidata, All Wikipedia articles written in Australian English, Articles with unsourced statements from January 2011, Articles with unsourced statements from January 2017, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 January 2021, at 16:25. 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