Letters: Say on executive pay, annuities and Speculator questions

Readers speak up on executive pay levels and the current round of AGMs, as well as question the counterparty risk of annuities.

We now vote against the remuneration report for every company AGM. As long as all the executive pay scales quote the need for “keeping up with the Jones’” for maintaining their astronomical pay and bonus rates, there can never be sanity. Our top politicians, public servants, academics, scientists, doctors – all the people who really make the important decisions – are paid far less than the CEOs of our big companies. If we all voted against these inflated and self-regulated pay scales we might make some difference. Nobody needs an income of more than one million dollars per year. Let's all do it!

E Brentnall

Next week sees the 2012 AGMs of ANZ, Westpac and NAB. I have to conclude that it is time for a wake-up call to their boards with ‘first strike’ warnings from shareholders.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles