Westpac's board was utterly clueless about why shareholders were unhappy with its plan for massive executive bonuses. So are the other banks.
While Australia's private sector workers went backwards in 2016-17, CEOs enjoyed a 10%-plus pay rise, new data shows.
A new report shows just how talented Australian executives are at buying back shares, mostly to benefit senior executives. And the poor old shareholder might know very little about it.
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.
Andrew Leigh and Tony Atkinson's income data suggests as a society we don't value public life as much as we used to -- but executive remuneration is a different matter.
The "two-strike" rule for executive remuneration should be rejected not because it is too hard on directors, but rather, because it is too soft, and targets the wrong people.
Commonwealth Bank shareholders saw a 14% fall in their share-based payments (ie dividends) for the 2009 financial year. So why did CEO Ralph Norris end up with such a tasty slice of the pie?
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.
The Productivity Commission has found no systemic fault in the private sector’s approach to executive remuneration. But it has recommended measures to strengthen transparency and remove conflict of interest.