Pay for, err, performance?

Concern about Telstra CEO Sol Trujillo pay package. Looks like lots of his so-called 'long-term' incentives vest in about 10 months. That doesn't sound like 'long-term' to me. The SMH article also highlights a problem with executive pay packages; i.e., who designs them. In this case, it looks like remuneration consultants who previously worked for US West, one of Trujillo's former employers. It's hard to determined whether these consultants are working for the shareholders, or the CEO. Nah, that's not true. It's not hard at all. Think about who engages these consultants.