The AQG Board should take note of this sentiment expressed by BHP's CEO, Kloppers, particularly with regard to the payments to its departing CEO, Ed Dowling, who had the oversight and responsibility for value destruction:
From press article:
"BHP bosses have turned their back on a potential $7 million windfall in an extraordinary concession to Australians who have seen billions wiped from their retirement savings.
The decision will put the spotlight on fat cat bosses across the country as the company reporting season starts this month.
Hundreds of companies have seen their value plummet in the past year, raising questions about bonus payments to bosses.
Kloppers admitted he was disappointed with his company's performance.
"The buck stops with the CEO. End of story, that's how it is. It's part of the job," he said.
When will the AQG Board get a moral conscience in relation to excessive bonus payments and severance packages?
Add to My Watchlist
What is My Watchlist?