The scandal-ridden state insurer replaced controversial executive bonuses with a fixed increase for 116 top staff.
The ASX-listed vitamin maker has copped a first strike on executive pay as Marcus Blackmore takes the board to task for poor performance.
“Believe it or not Alan has a heart,” says Richard Goyder.
Some readers may be outraged by it,but there’s a simple reason why executive pay exploded last year.
The typical pay packed for top ASX CEOs hit $9 million last year
Tesla was heavily criticised for awarding Elon Musk a multi-billion-dollar pay package in 2018,but it has proved to be a trailblazing deal.
The decision is estimated to have affected about 3500 staff who received all or part of their short-term incentive bonus in the 2021 financial year.
Goldman Sachs will allow its senior bankers to take as many holidays as they want,amid a war for talent and complaints about a gruelling long-hours culture.
Magellan has launched a financial package designed to retain staff,as the Sydney fund manager bleeds assets and clients.
Apple investors should use next month’s shareholder meeting to vote against the massive pay package awarded last year to its chief executive,an adviser firm recommends.
It didn’t matter that Citigroup paid Amy Wu Stratton $US450,000 in 2021 — her most lucrative year ever — to work with some of its biggest private equity clients. She was ready to get off the hamster wheel.