Wal King recently gave a spray about the ridiculously high salaries received by CEOs. Maybe he should be looking at his own pay packet — $29 million since 2008, nearly all cash — before casting stones.
Leighton Holdings
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.
Barry O’Farrell sticks his neck out on donations reform
Barry O’Farrell has stuck his neck out on political donations reform, lobbyist activities and election expenditure in an attempt to make ground on Premier Rees. But his own political fundraising is under question, writes Lee Rhiannon.
Morning Market Report: Strong end to a strong week
The market closed te week on a high note — up 58, while Wall St closed up 36.
Onerous at the top: executive pay still on the up and up
Falls in executive remuneration have not shown an especially close correlation to shareholder returns, but at least the runaway freight train of CEO pay has ground to a halt.
Morning Market Report: A nice market rebound
A nice rebound today, writes Marcus Padley.
Leighton bitten by corporate idol worship
Former market darling Leighton Holdings has been forced into its second profit downgrade in the space of five months, writes Adam Schwab.
Corporate carnage continues across Australia
The wheels are fast falling off some of Australia’s industrial success stories of the past decade.
Leighton’s King losing his crown
Leighton’s performance proves that a high profile, dominant and extraordinarily well-paid CEO is more likely to lead to extraordinarily poor shareholder returns, writes Adam Schwab.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Property developers: a political party’s best friend
Property developers and development companies are public spirited fellows. In 2007-07 they provided $5.1 million of the $13.9 million which AEC figures show was donated to the three major political parties, writes Richard Farmer.
