News

Woolworths supply chain boss Paul Graham will be the next Australia Post CEO

Paul Graham, the supply chain boss at Woolworths, will become Australia Post CEO in September. The announcement comes just one day before his predecessor Christine Holgate will testify to a Senate Inquiry examining the circumstances surrounding her dismissal back in November. Australia Post is looking to put some distance between […]
Woolworths supply chain boss Paul Graham will be the next Australia Post CEO
Markets

Big businesses are protecting exec pay by rewriting bonus plans and changing performance targets during COVID-19, a report has found

Big businesses are protecting executives’ pay by rewriting bonus plans and changing performance targets, a report has found. Companies have added non-financial targets and written off worst-performing months, Semler Brossy Consulting Group said. For example, Olive Garden parent company Darden Restaurants modified its bonus plans so that lower sales at […]
Big businesses are protecting exec pay by rewriting bonus plans and changing performance targets during COVID-19, a report has found
Markets

Elizabeth Warren just laid out 8 conditions that companies should accept for government bailout money during the coronavirus crisis

Warren unveiled eight conditions on Monday for companies that accept emergency federal funding during the coronavirus crisis. Democrats are attacking the proposed $US50 billion in federal assistance for airlines as a bailout, given the industry has directed massive profits toward stock buybacks. “Let me be clear: We’re not doing no-strings-attached […]
Elizabeth Warren just laid out 8 conditions that companies should accept for government bailout money during the coronavirus crisis
Markets

Westpac shareholders hand the company a first strike on executive pay

More than half of Westpac shareholders voted to reject the company’s remuneration report at today’s AGM. If at least 25% of a company’s shareholders reject the report again next year, it will result in a motion to spill the entire board. Westpac chairman Lindsay Maxsted said the rejection “sends a […]
Westpac shareholders hand the company a first strike on executive pay
Markets

Telstra shareholders just hit the board with a new Australian record ‘first strike’ vote against executive pay

Telstra shareholders have made it clear just how unhappy they are with the company’s executive remuneration policy. The Australian reports a staggering 62% of eligible shareholders voted against Telstra’s remuneration report at today’s annual general meeting. That’s a new record high in corporate Australia, beating the 61.4% of AMP shareholders […]
Telstra shareholders just hit the board with a new Australian record ‘first strike’ vote against executive pay