There is a huge difference between Australia Post and NST. Aust Post is Government owned so using OUR money to purchase the Cartier (or any brand) watch is totally unacceptable. NST is a publicly listed company and can reward the Directors through the legal avenues that are afforded to it.
As a holder of these shares I have watched my investment grow considerably and am most impressed with what the board have been able to achieve. This has been my biggest growth share to date and cannot see how anyone can begrudge the Directors their worth. As someone posted earlier, I would rather pay the big bucks than have our Director poached and go to another company!
Ann: Appendix 3G, page-23
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