PPRuNe Forums - View Single Post - Qantas to Axe 100 Senior Execs
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Old 23rd Mar 2009, 04:53
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The_Pharoah
 
Join Date: Oct 2008
Location: Brisbane, Qld
Age: 48
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speaking from the corporate world...every now and then, there is the need for an enema....this recession/financial crisis is just that....now, hopefully with the expected requirement for all executive pay > 1 year's base salary (or whatever) to be shareholder approved...this is only a good thing. I've been to a few AGMs where the mum-and-dad shareholders almost had a heart attack when they read the remuneration note and the chairman had to stand there and explain why one person should get paid x% of the total net profit for the year
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