Do massive salaries and bonuses bring out the best in those running corporate Australia and the public service, or is it all a scam?
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.
No one likes to see a CEO, particularly a former journalist, make more than $10 million firing thousands of staff, but that’s exactly what has happened at Fairfax.
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.
The best performing CEOs, with the toughest jobs in super competitive sectors are able to create real earnings growth. It's the "name brand" executives who tend to deliver the worst performance and get the most pay.
The government will attempt to standardise executive pay reports in legislation this week, in order to disclose take-home pay for execs and to allow for bonuses to be clawed back in times of crisis.
The pay packets of ASX200 leaders fell in 2011, but options muddy the waters making it difficult to assess. We try our best to tally up the big salaries.
Journalist Kevin Roose covers Wall St shenanigans, but lives a fairly modest life himself. Except for one day when he lived like the CEOs he reports on, with a private jet and a $45,000 watch to boot.
The News Corporation votes are in and the record protest votes have duly been delivered. Records were smashed with as much as 80% of the independent shareholders voting to remove the Murdoch boys.