We’d like to welcome you to INQ, Crikey’s ambitious new inquiry journalism initiative. Starting June 24, INQ investigative reporting — lifting the rocks, connecting the dots, following the money trail and exposing misuse of power — will appear regularly in Crikey.
We look forward to sharing this exciting new phase with you.
Tamsin Creed, Publisher
Hugh Marks has improved his pay packet on the previous financial year, but what will happen when the Fairfax takeover is finalised?
We know how much Steve Cain will rack up in the next year, but what of the influential UK adviser Archie Norman who remains on the books?
Typical business logic says the firms that pay little or no company tax would also be paying their CEOs poorly, because their financial performance had been so poor. But is that what's happening? Professor of employment relations at Griffith University David Peetz crunches the numbers.
None of the big four banks have ever received remuneration strikes -- until today.
Directors of Australian public companies have long enjoyed something of a closed shop with substantial barriers to entry and very few new entrants attempting to barge their way in uninvited.
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.