I noted recently that Barack Obama was considering legislative action against company directors who are still taking huge executive salaries even while the government is bailing the business world out of trouble and employees are losing their jobs. I was wondering if Australia would follow and it appears that Kevin Rudd and Lindsay Tanner are considering something similar. Public opinion on this topic is pretty clear at the moment with the news that Sol Trujillo will leave Telstra and Australia $40million (untaxed), richer, as if he needed the money.
Mallensons Stephen Jaques has released Executive Remuneration: Guidelines and Developments - 19 February 2009.
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