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October 23, 2005
CEOs - and the myths that cover their greed
At last, a chief executive who's prepared to spill the beans on the executive pay rorts that are robbing shareholders blind and causing enormous resentment among employees who are increasingly being expected to do more for less, so their so-called corporate leaders can fatten up their options packages.
The video of Ed Woolard, former CEO and chair of Du Pont, exposing the lies and conspiracies that have led to the plundering of shareholder wealth, should be required viewing in every boardroom.
And these voracious types are cheering on John Howard, as he sets in place the machinery to hack down the pay and conditions of those who earn the least. How about some industrial reform that cleans out corporate pig troughs?
Posted by cw at October 23, 2005 03:06 PM
Comments
I've just got one question. Was he saying these things when he was CEO? :rolleyes:
Posted by: Taka at October 23, 2005 07:51 PM
CW said - And these voracious types are cheering on John Howard, as he sets in place the machinery to hack down the pay and conditions of those who earn the least. How about some industrial reform that cleans out corporate pig troughs?
....agree! and I reckon some social engineering as well. How about a 110% tax rate for any income
over say $2million per year??? the pigs might give back more than they get...for the benefit of all
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my 2c
Posted by: Ian Smith at October 25, 2005 04:53 PM