Very large text size
Ms Abildgaard alleges in her statement of claim that Mr Michel-Verdier is in line for a long-term bonus of up to £20 million.The allegation of the bonus arrangement for Mr Michel-Verdier comes at a time when the union-backed After the investigation, it is alleged his short-term bonus was eventually reduced to a maximum of 57.5 per cent of his potential bonus.
Another senior source at a large fund said the case showed the "attitude and aggression" of some parts of the industry super sector."It's not a good look. You can't sell that. That's why we hate long-term incentives," another senior industry fund source said. ACSI has railed against excessive CEO remuneration in several forums including in its annual report on CEO pay where it has described large payments in spite of conduct issues "tone deaf".Opposition Leader Bill Shorten - a one-time director of AustralianSuper - has also hit out against "fat cat bonuses". He did not respond to questions on IFM's alleged pay packets this week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Scare the crap out of them': The unregulated meth-testing industry profiting from fearSoon after moving into a rental house in Melbourne's outer east, Jacki Whittaker detected a putrid stench in one of the bedrooms. Her son Leo suspected drugs were involved — and what a meth-testing company claimed they'd found was startling.
Source: abcnews - 🏆 5. / 83 Read more »
The two crises that will shake up the plane industry as we know itFatal crashes, increased fares, legal claims, cancelled orders: aviation is in turmoil, but a change of strategy is underway, writes Ian Douglas.
Source: abcnews - 🏆 5. / 83 Read more »
'I felt blackmailed': heavy-handed tactics in the aged care industryOne registered nurse managing in-home care had 120 patients, leaving her with little time for individuals.
Source: smh - 🏆 6. / 80 Read more »
Live export industry says it's being 'regulated out of existence' as new rules releasedSome argue the long-awaited shakeup of live export rules released this week does not go far enough, while others warn they go too far and threaten the industry's future. Good! Change your business model then! And we even should go further! Good - more regulation only required because you pushed the boundaries big time. So, the industry is threatened because it is not able to provide for the humane treatment of the animals it exports. Do you think any manufacturer would or should survive if it made a product that had a real chance of killing you if you used it?
Source: abcnews - 🏆 5. / 83 Read more »