The News Corporation votes are in and the record protest votes have duly been delivered. Records were smashed with as much as 80% of the independent shareholders voting to remove the Murdoch boys.
Executive pay
At last, something that makes sense on productivity
Australians are not slackers, are highly motivated and work harder than most other countries, according to a new productivity report.
On executive pay, Don Argus just doesn’t get it
You’ve got to hand it to Don Argus. The former CEO of NAB, turned Australia’s most prolific board member, certainly is willing to speak his mind.
For Wal King, the $23.9 million golden handshake
In the ultimate slap in the face to long-suffering shareholders, the Leighton board has handed former CEO Wal King one of the largest ever golden handshakes in Australian corporate history.
RBA pay: why Glenn Stevens is not Elizabeth Taylor
The RBA’s decision to jack up the pay of its most senior management by 30% during the 2008/09 financial year, the nadir of the global financial crisis, might have been impolitic, says Adam Creighton.
Mayne: why the silence on Rupert’s record $US33.3m pay?
News Corporation strategically released a whole bunch of information in the early hours of Saturday morning and the Australian media has chosen to ignore the s-xiest element.
CEOs … just when does the use-by date kick in?
One of the most vexed questions in high-level corporate decision making is when is the appropriate time for a successful executive to retire or resign.
Mayne: CEO’s salaries, Rupert’s package and still counting the votes…
Beating up on executive pay is a no brainer for the tabloid media, but it seems the Herald Sun has differing standards when it comes to its own.
Where the buck starts on executive pay
Another year, another round of executive pay excess, with the same companies paying millions of dollars to the same old under-performing executives.
Top-value CEOs — here’s five of the very best
While we often focus on executive excess and the all-too common scenario of shareholders not getting value for money from their well-paid CEOs, today, we list Australia’s five best-value chief executives.
Norris’ pay obscenely high but not the worst
It seems like the widespread criticism of Ralph Norris’ $16 million pay packet for 2010 is perhaps harsh — in relative terms.
Despite Centro crash, directors continue to collect
Corporate Australia tends to have a short memory when it comes to company directors’ pay.
10 years of executive windfalls
Despite the controversy surrounding executive pay, CEOs of public companies in the United States continue to receive billions of dollars in compensation. The Wall Street Journal lists the top 25 best paid executives of the past decade.
DJs ticks all the boxes in action on McInnes scandal
The CEO and board of David Jones are to be commended for their quick and appropriate response to the Mark McInnes scandal. It’s a rare example of a large corporation hitting the mark in a corporate governance sense.
Exec pay: AICD solution is to hide some from shareholders
The top 20 CEOs in Australia (that is, those managing the 20 largest companies), were paid on average 320 times the wage of the lowest-paid workers in the country.
Exec pay: government gets tough with ‘claw-back’ rule
The long-awaited response to the Productivity Commission’s report on executive pay has been released. It includes a “bonus claw-back” rule, which would allow for the recovery of bonuses paid to executives who provided misleading financial information.
Aussie bankers doing fee-nominally well
Executives at our biggest banks continue to enjoy a myriad benefits, the Big Four being among the most generous remunerators of executives in business. But lower-paid workers have not been so lucky.
Leave the poor (well, rich…) bankers alone!
It’s time for the commoners to get over the whole Wall Street bankers earning bajillions in bonuses issue, writes Steven Pearlstein. If we’re going to get mad at bankers, we need to be mad at rock stars and athletes as well.
Goldman Sachs still the golden option
Despite Goldman Sachs’ reputation as the bad boy of Wall Street, MBA grads are still heading there in droves. Is it the hope of multi-million dollar bonuses or something else?
Your Say: Daily Mail readers' feedback: The lack of good journalism
Crikey readers weigh in on lazy summer journalism, hate groups of Facebook — how can they be stopped? — and the PR abuse of science.
Business as usual in our boardrooms, just don’t ask the man in the street
What a difference a year makes, where suddenly the economic woes are long forgotten, executive pay is rising again, banks are as greedy as ever and the politicians continue to do nothing about it, writes John Sutton.
Fat cat shareholders continue to bask in capitalism
The fury by shareholders over executives high salaries is hypocrisy at its finest, writes Mirko Bagaric. Let’s remember, shareholders are just in it for the money too.
You earn how much? Time for plain English pay
Remuneration reports are usually confusing and complicated reports, and are particularly difficult for shareholders to understand exactly what pay conditions executives are entitled to. Time to clean them up, says Paul Quinn
Executive pay: the scam that never was
A two-strike policy wasn’t needed to protect obscene salaries because shareholders already had options available to them and our economy was doing ok anyway, writes Andrew Main.
Two strikes and you’re…ok
The controversial ‘two strikes’ policy — giving shareholders a chance to vote down pay rises and force a board to re-election — has been severely watered down in the final report from the Productivity Commission on executive pay released today.
