The “two-strike” rule for executive remuneration should be rejected not because it is too hard on directors, but rather, because it is too soft, and targets the wrong people.
Executive remuneration
Codswallop! Ralph Norris’ CBA pay bonanza
Commonwealth Bank shareholders saw a 14% fall in their share-based payments (ie dividends) for the 2009 financial year. So why did CEO Ralph Norris end up with such a tasty slice of the pie?
Leighton CEO King of the heap on vulgar pay rich list
As the final annual reports trickle in, the truly horrific picture of just how much Australia’s richest CEOs were paid last year is being fully revealed.
PC pushes for executive pay transparency
The Productivity Commission has found no systemic fault in the private sector’s approach to executive remuneration. But it has recommended measures to strengthen transparency and remove conflict of interest.
Wayne Swan rings hollow on executive pay
Treasurer Wayne Swan and Prime Minister Kevin Rudd certainly know how to make the right noises about excessive executive pay. But will we see more than talk on the issue?
Bonuses are back, investment bankers rejoice
The latest revelations over a return in the bonus culture among investment bankers suggests the executive pay debate could have a long way to run.
How Geoff Dixon earned $11 million in 9 months
As profits took a tumble, former Qantas CEO Geoff Dixon earned almost $11 million for nine months’ work in the last financial year, four of them as a consultant. Current CEO Alan Joyce must be looking on wistfully.
Meagre stipends see BHP execs through tough times
The world is only slowly emerging from a deep recession, but the bank balances of BHP senior executives have not been too badly hurt.
Termination payouts: government policy simply makes sense
The federal government introduced a Bill seeking to limit executive termination payments to one year’s fixed salary. But in a move that’s commercially, morally and politically indefensible, the Libs have opposed it.
Taking stock: How to keep CEOs in check
If CEOs were forced to invest in large long-term stakes in the companies they manage, shareholders would be able to stop worrying about executive bonuses, argues Zac Bissionnette.
Death of the non-executive director? I don’t think so.
With their responsibilities and potential liability increasing, the job of the non-executive director is getting harder.
Bankslaughter: should execs be found guilty?
Huffpo’s Ryan McCarthy wonders why bank executives can still expect to walk away with multimillion-dollar payouts when banks collapse on their watch.
Golden handshakes limited by legislation, CEOs unimpressed
Despite the Federal Government’s gold handshake legislation merely giving shareholders the right to veto large payouts, CEOs were unimpressed.
Telstra puts a lid on executive pay
At least it’s not British Airways where they’re asking staff to work for free. Telstra chief David Thodey has told around 280 execs that their pay will be frozen in place. Indefinitely.
Forget British MPs, check out the CEO gravy train
The MP expenses scandal in Britain is pocket money compared with some CEOs’ paydays. Not content with breaking that scandal, The Telegraph turns its attention to bosses of Britain’s FTSE 100.
Executive pay: global talent myth debunked
A research paper has rejected one of the great myths perpetuated by company directors — that Australian executives need to be paid millions of dollars to prevent them from leaving.
Meet the man who’ll curb fat cats’ pay
Meet the man who”ll be responsible for regulating executive pay at companies in receipt of US bailout money: Kenneth Feinberg.
A Crikey cure for outlandish executive pay
Submissions continue at the Productivity Commission’s inquiry into executive pay. Adam Schwab cuts to the chase.
Foolhardy ANZ CEO enters fray on executive pay
One would think that the millionaire CEO of an institution whose earnings are underpinned by taxpayer backing and legally dubious penalty fees would avoid debates concerning executive pay.
APRA falls flat in face of executive pay bonanza
The new APRA standards will be little more than lip service to the insatiable remuneration packages enjoyed by executives at the large banks.
Ten of the most egregious CEO perks in US business
Golden coffins and country club memberships. Some of the most jarring CEO excesses of the pre-GFC good times.
Rudd’s good deed on golden handshakes
The Federal Government appears to be taking a solid first step towards reducing executive largesse.
Britain’s rich get far less so
Britain’s richest people have lost $319.03 billion in just 12 months. And there are now 32 fewer billionaires than before.
APRA turns the screws on finance sector executive pay
APRA has given a sneak preview of its coming review of executive pay.
QBE executes stunning CEO pay backflip
The former market darling has bowed to shareholder pressure and amended its departing chief’s retirement benefits, writes Adam Schwab.
