|
Slashed incomes mean tight belts: retirees |
 |
 |
 |
|
LIKE many self-funded retirees, Catherine Gem relies on her quarterly distributions cheques to supplement her budget, but that certainty has evaporated in the recent upheavals in the stockmarket. She has already noticed a big fall in payouts, and worse is yet to come. Among the worst hit sectors is that of the listed property trusts, traditionally the investment of choice among retirees who could count on its stable distribution payouts year after year. Read full article in The Australian. Tuesday 28 October 2009
|
|
|
Bendigo executives under fire for incentive plan |
|
|
|
|
BENDIGO and Adelaide Bank yesterday copped a shareholder backlash over a long-term incentive plan for senior executives. A proposal to issue chief executive Mike Hirst with up to $5 million in shares over five years and up to $2 million in shares to executive director Jamie McPhee over four years passed only narrowly at the bank's annual meeting. In response to questioning by the Australian Shareholders' Association, chairman Robert Johanson said that long-term incentives had emerged as the preferred option for executive remuneration in the wake of the global financial crisis. Read full article in Herald Sun Tuesday, 27 October 2009
|
|
United hit by voter revolt over bonuses |
|
|
|
|
UNITED GROUP has become the third top-100 company in a week to fall foul of shareholders over large salaries and bonuses paid to its senior executives. More than 49 per cent of votes were cast against United's remuneration report in a non-binding vote yesterday. The reaction stemmed from concerns about the company substantially increasing the bonus potential of its long-time chief executive, Richard Leupen. Read full article in Business Day SMH Thursday 23 October 2009
|
|
|
Amcor's $8m CEO pay angers shareholders |
|
|
|
|
Shareholders took issue with the remuneration package of Amcor chief executive Ken MacKenzie at a contentious annual general meeting on Thursday. Mr MacKenzie will take home $8 million in total remuneration this financial year but not before enduring a fight from shareholders over $2.6 million in incentives. During the two-and-a-half-hour meeting, shareholders took issue over the granting of 367,000 performance rights and 2.76 million options to Mr MacKenzie under Amcor's long-term incentive plan. The Australian Shareholders' Association's (ASA) representative Dennis Torrens, representing 3.3 million proxy votes, said the performance hurdles set to achieve the reward fell short of the mark. Read the full article in Business Day SMH Thursday 22 October 2009
|
|
Qantas shareholders slam Dixon payout |
|
|
|
|
QANTAS shareholders yesterday delivered a stinging rebuke to the board for approving a $10.7 million payout to former chief executive Geoff Dixon, lodging one of the strongest protest votes against a remuneration report in corporate history. More than 42 per cent of votes -- 629.5 million -- were registered against the report at the airline's annual general meeting in Perth, with shareholders declaring the payout was not "in the spirit of Australia". Read full article in The Australian Thursday, 22 October 2009
|
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 6 of 12 |
What We Do