A new report has revealed that some of Australia’s largest companies spent $62 million on needless termination payments last year — payments that could be blocked by shareholders if the Government’s proposed legislation regarding termination payments is approved.
Golden handshake
Corporate Australia’s hypocrisy on CEO payouts
Despite the compelling logic of the Federal Government’s proposed changes to executive termination laws, large corporations and lobby groups have gone on the attack.
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.
Gordon Brown challenges MPs’ golden parachutes
Gordon Brown is fighting to stop disgraced MPs claiming “golden goodbyes” of up to £200,000 each if they quit over their expenses.
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.
Eddington blasts golden handshakes. What about News Corp?
Leading Australian company director, Sir Rod Eddington, strongly criticised lofty termination payments last week. Was he so forthright in the News Corporation boardroom last month? Adam Schwab writes:
Kohler: rich payouts and poor politics
Australians are being very poorly served by their politicians at present. They are consumed by combat and we are being spiflicated by spin, writes Alan Kohler.
Curbing golden handshakes: nothing succeeds like failure
The Federal Treasurer yesterday announced long-awaited reforms aimed at curbing excessive “golden handshakes”, writes Adam Schwab.
Tips and rumours
Labor’s global-warming expert Ross Garnaut (who as chairman of Lihir Gold is presiding over an environmental horror on Lihir Island) is upsetting his elderly North Carlton neighbours with plans to build a five-metre wall that will cast the vegetable garden of the retired migrant couple next door into permanent shade. SBS Radio’s controversial Director, Paula Masselos, […]
