Reaper,
The CEO usually dedicates as much time as possible to his pay packet in my experience. This involves coming up with bonus schemes, performance rights schemes, option schemes and the like.
Also involves ensuring the CEO / MD and his ( cos he will usually be male) fellow directors of choice stay in charge of the gravy train. Which, in turn, involves schmoozing Institutional Investors and eschewing the retail investors who got the company to where it is today. The Instos wont cause any trouble or ask difficult questions and will vote for the Rem Report, bonus schemes and the Board in return for some payback (placement) down the track.
Evidence for this is to be found in any AGM Notice of Meeting which is almost all resolutions involving CEO pay.
Don't you think it is a little unreasonable to demand the CEO should actually do some real work on top of all of he has done to align himself with the shareholders best interests? (Or is that line his pockets with the shareholders interests?).
PUHLease, lets get real here ...he is doing enough already!
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