While the financial services sector continues to lay-off thousands of staff, Westpac boss Gail Kelly, recently cashed in some of her equity in the bank, selling 250,000 shares.
Executive salaries
Tax changes hardly worthy of mass hysteria
The executive pay debate rolls on, with APRA announcing yesterday that it will delay release of its long-awaited executive pay principles for the financial services sector.
Founder’s son gets timely Timbercorp payout
News that the son of Timbercorp’s CEO received a redundancy payout weeks before the company was placed into voluntary administration has raised some eyebrows.
Outraged investors say enough to Shell’s remuneration plan
Shell shareholders are unhappy at the Board’s willingness to spend money on under-performing executives.
Nicholas Moore’s pay plummets
Macquarie Bank released its yearly results this morning, announcing a sharp decrease in revenue and profit.
Greed is irrelevant to GFC
Greed isn’t why the financial crisis happened, and restraining it won’t prevent bad stuff from happening again, writes Barry Schwartz.
Norris’s pay cut just a shrewd sales pitch
Commonwealth Bank CEO Ralph Norris is taking a 10% pay cut, but he’ll still be earning substantially more than his predecessor.
Exception to the rule: Transurban CEO earns his keep
Chris Lynch has completed a remarkable transformation at toll road operator, Transurban since replacing Kim Edwards as CEO in April 2008, writes Adam Schwab.
Oz bankers luxuriate on the public purse
For our nation’s bankers, Australia really is the lucky country, writes Adam Schwab.
Rudd tackles executive remuneration: does nothing
Fear not executives, your multi-million dollar short-term bonuses are far safer than your investors’ capital, writes Adam Schwab.
Exec salaries: Rudd opens fire on the business community
One day Kevin Rudd’s blasting extreme capitalism and bank pay packets and the next he’s sitting down with 150 business leaders as commander in chief during a rolling economic security crisis, writes Stephen Mayne.
Executive pay push ignores performance
According to Warren Buffett: ‘Too often, executive compensation in the US is ridiculously out of line with performance’. Adam Schwab agrees.
Briefly Business: Valuing executives, Bernanke’s bind, Apple’s studio deal
Valuing executives … Rio looks to Africa … Bernanke’s bind … Apple in downloads deal with big studios.
