CEOs under pressure to take pay cuts
The Australian Shareholders Association wants chief executive to take pay cuts to counter investor anger about poor company performance. The Qantas CEO Alan Joyce has become to latest to forgo his bonus, joining the heads of BHP Billiton, Rio Tinto and Bluescope Steel.
today The board of Qantas Airways Ltd has accepted chief executive officer Alan Joyce's decision to take a pay cut, which has seen him forgo his short-term and long-term incentive payments for the 2012 financial year, according
to the Australian Financial Review.
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the CEO of the Australian Shareholders Association, Mr.Vas Kolesnikoff said: No matter how difficult about the bussness situation, if you let a Large company became into a small company, the salaries of this company's CEO and board members must be adjusted downward accordingly.
NC, who has also as CEO of three companies, face LYC , a severe redused value company of the market scale, he should cut his own bring to reduce the company' Cost pressure.
with this volatility we deserve announcements, page-16
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