Hidden riches: Executive pay day
Monday, Nov 16,2009, 10:11:03 AM Click:
Executive pay schemes are often so complex that investors are unable to understand them. Information about retention and succession payments, expanded bonus targets, and the retesting of long-term incentives can only be found in the fine print of annual reports. ACTU president Sharan Burrow says the CEOs of the 300 largest Australian-listed companies take home almost 50 times average weekly earnings.
Publication Date: 14 November 2009
ACTU QBE INSURANCE GROUP LIMITED - ASX QBE REGNAN - GOVERNANCE RESEARCH AND ENGAGEMENT PTY LTD CGI GLASS LEWIS PTY LTD DOWNER EDI LIMITED - ASX DOW WESFARMERS LIMITED - ASX WES BHP BILLITON LIMITED - ASX BHP ERNST AND YOUNG UGL LIMITED - ASX UGL TRANSURBAN GROUP LIMITED - ASX TCL CHALLENGER FINANCIAL SERVICES GROUP LIMITED - ASX CGF QANTAS AIRWAYS LIMITED - ASX QAN WESTERN AREAS NL - ASX WSA CRANE GROUP LIMITED - ASX CRG ARGO INVESTMENTS LIMITED - ASX ARG STOCKLAND - ASX SGP ASCIANO GROUP - ASX AIO BUSINESS COUNCIL OF AUSTRALIA AUSTRALIA. PRODUCTIVITY COMMISSION
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