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Robber Barons
Robber Barons
Topics
Robber Barons
Robber Barons
Monday, 04 January 2010 08:26 | Written by joni
The Productivity Commissions report into executive pay is due to be released today and it looks like the robber-barons will get away with their excessive pays.
The Productivity Commission's final report scales back plans to force directors to face immediate re-election if shareholders reject their salaries.
The report, to be released today, details the spiralling pay packets and bonuses of executives and proposes a range of measures, including preventing executives interfering with the committees that set their salaries.
Those who made bad decisions will still get their big money, and those at the bottom suffer.
Just proves that life is like a shit sandwich: the more dough you have - the less shit you have to eat.