October, 2016

The Fin ties itself in knots to justify exorbitant CEO pay

, Oct 17, 2016

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Shareholders of CSL, rightly, told the board to go jump when the board proposed an enormous payrise for the CEO and directors. But don't expect to read that in the Financial Review.

Mayne: will Westpac be punished for investor rip-off?

, Dec 03, 2015

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The fallout from Westpac's executive pay controversy will reach a head at next Friday's AGM.
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Mayne: shareholders fight back against payouts to outgoing CEOs

, May 25, 2015

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Shareholders have long opposed large payouts to CEOs at the end of their tenure. Of course, executive boards have ways of getting around democratic will.
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Why Telstra’s David Thodey is filthy, filthy rich

, Aug 14, 2014

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Along with its strong full-year profit results, Telstra today published its remuneration report for 2013-14. It shows David Thodey’s total remuneration in the five full years since he became chief executive in May 2009 has reached $33 million.

Exec pay: AICD solution is to hide some from shareholders

, Jun 09, 2010

The top 20 CEOs in Australia (that is, those managing the 20 largest companies), were paid on average 320 times the wage of the lowest-paid workers in the country.
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Exec pay: government gets tough with ‘claw-back’ rule

, Apr 20, 2010

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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.
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Aussie bankers doing fee-nominally well

, Feb 04, 2010

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Executives at our biggest banks continue to enjoy a myriad benefits, the Big Four being among the most generous remunerators of executives in business. But lower-paid workers have not been so lucky.

Leave the poor (well, rich…) bankers alone!

, Jan 18, 2010

It's time for the commoners to get over the whole Wall Street bankers earning bajillions in bonuses issue, writes Steven Pearlstein. If we're going to get mad at bankers, we need to be mad at rock stars and athletes as well.

Business as usual in our boardrooms, just don’t ask the man in the street

, Jan 05, 2010

What a difference a year makes, where suddenly the economic woes are long forgotten, executive pay is rising again, banks are as greedy as ever and the politicians continue to do nothing about it, writes John Sutton.

Fat cat shareholders continue to bask in capitalism

, Jan 05, 2010

The fury by shareholders over executives high salaries is hypocrisy at its finest, writes Mirko Bagaric. Let's remember, shareholders are just in it for the money too.