Looks like the PE guys did OK out of Pacific Brands.
Michael West in the Herald has the story.
Showing posts with label Pacific Brands. Show all posts
Showing posts with label Pacific Brands. Show all posts
Wednesday, March 4, 2009
CEO pay and its disclosure
Lots of media coverage of CEO pay, especially in light of the Pacific Brands decision to move some operations to China. Here's an example.
Michael West in the Herald also chimes in.
Two quick thoughts:
1. Why should government-imposed 'caps' on pay be limited to the business sector (or more particularly, to firms that receive some sort of government assistance)? Why not entertainers, or sportsmen who receive say Australian Institute of Sport assistance. Let's at least be consistent.
2. In the case of Pacific Brands, the bonuses in question appear to have been earned in 2007-08, which happened to be a record year for the company.
Michael West in the Herald also chimes in.
Two quick thoughts:
1. Why should government-imposed 'caps' on pay be limited to the business sector (or more particularly, to firms that receive some sort of government assistance)? Why not entertainers, or sportsmen who receive say Australian Institute of Sport assistance. Let's at least be consistent.
2. In the case of Pacific Brands, the bonuses in question appear to have been earned in 2007-08, which happened to be a record year for the company.
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