10 November 2007
Executive pay
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Just as many of us had maybe despaired of any serious brake on what seems like unlimited rises in executive pay, this week saw two significant protests by some of the biggest movers and shakers at the big end of town.
As you've no doubt heard, 60 per cent of shareholders at AGL voted down the new pay packages for its senior executive, and 66 per cent of Telstra shareholders, including the new behemoth, the Future Fund, behaved in similar fashion.
It was described by commentators like the University of Melbourne's Professor Ian Ramsay as 'exceptionally rare.'
So is a mood shift in the air?
Guests
Damon Kitney
Deputy editor at the Australian Financial Review
Presenter
Geraldine Doogue
Story Researcher and Producer
Jo Jarvis
