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.
United group
Tips and rumours: Tips and rumours: The Libs in Hume, from an inside source
All the excitement of the Liberal Party nominations for Hume, closing our National Archives, United Group’s $50 million golden handshake, and Qantas hands out “bags of crap”.
United in fat cat pay anger
Last week, shareholders in contractor United Group vented their anger at the company’s generous pay practices (including a 30% pay rise for the CEO!) with the majority of shares being voted against the company.
Tips and rumours
I work for a large state-owned corporation and I can confirm that the quality of the information that goes into these ABS surveys is rubbish (“Tips and rumours”, yesterday, item 6). As a cadet, I fill these forms out on a regular basis and they are just a pain. The majority of these surveys are […]
Meet Richard Leupen, one of Australia’s richest professional CEOs
The BRW Rich List is populated with plenty of founder chairs and CEOs, but there aren’t too many professional CEOs who pass the inflated $180 million cut-off. One emerging name that few Crikey readers will know is Richard Leupen, the CEO of engineering, rail and infrastructure company United Group.
