These packages are the norm these days in corporate lala land, and should reflect the responsibilities which go with the position but which seem to be conveniently forgotten by QF Board when it suits. and thank god for an endless supply of accountable mid level managers.
Sure disclosure has been made, the problem is in the application, ie where were the results of 2007/2008 reflected in QF Exec remuneration?They almost sold the company down the river, trashed the brand etc etc etc and got the money anyway.
I also dont understand why Execs should be remunerated at a rate nowhere near comparable to industry peers,AND get away with getting $$$$ to fix up a mess which seemed to be of their own making. There is a career opportunity.... stuff it up and then ask for more to fix it up.
I still say sack the muppets.