Wally,
The shareholders need to understand what a 100% write down of their investment really means. Ansett was a recent example.
Its seems to me the cow is being milked dry, and you can only do that for so long. Again refer Ansett.
As for the accountants and lawyers.....these guys are quite possibly the most over paid of them all. Value for money, they probably yield the least. If a really good bean counter costs $100K PA, what kind of miracles does one who costs $250K or moreprovide?
Think about this, when was the last time the accounts, legal and senior management asked to become more competitive?
Just like the operational folk are? See its not about giving out crazy pay rises, its about balance, and many large companies do not have that.
Many a lesson could be learnt by the study of folk like Warren Buffet. Simple things like the expensive cars you allude to.....a budget of say $60k for all these guys and want a Porsche......pay for it yourself.
J
