Farewell, punks, page-31

I work as a director in a publicly listed company on the NYSE. No ASX listing. All directors on the board have set targets for themselves and their team. These targets are then communicated to our American parent company and we are all held accountable. Even though the Australian division makes up 10% of the company overall, we are still held accountable. If we set sales targets that are not met, or if projects timelines are missed, or budgets not met, we are held accountable. We are performance managed, directors lose their jobs etc. The big thing though, a lot of our salaries are pretty low cash wise but we do get a lot of incentive shares for our performance

It baffles me how someone like WP can constantly get the numbers wrong, targets always missed, timelines are not worth the paper they are printed on, and yet he is not held accountable. Surely the owners of this company, i.e. the share holders can call him to account. If the MD in the company I work in performed like WP, he would have lost his job 18 months in. Why aren't the board acting on this? Why hasn't he donated his salary for the last year back to the company coffers for all the fails as a good will gesture to his team and the share holders, who see a million dollars ripped out of the company's accounts every year for no benefit? I believe it is time the shareholders stand up to have their voices heard.