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- W241330546 abstract "Executive pay has become a centre of public attention, with widespread concern about the levels of executive remuneration. Across Europe and the US, four fifths of people believe that business leaders in their countries are paid too much (figures range from 75 per cent in France to 77 per cent in Spain, 79 per cent in the USA and Italy, 81 per cent in Britain and 88 per cent in Germany) (Harris Interactive 2009). Similarly, 78 per cent of British adults believed directors are overpaid (Blitz 2003). I have not seen comparable random surveys for Australia, though web surveys (St James Ethics Centre 2003) and public debate (Brisbane Times 2009) suggest similar concern here and a 2004 telephone survey of 400 Australians found only 36 per cent thought bonuses and fees for executives and board members were 'fair and reasonable' (Crosby Textor 2004). This submission considers: first, the growth in executive remuneration since the 1970s; second, the causes of the growing divergence between CEO pay and pay of ordinary employees; and third, some policy implications. It focuses on the level of executive remuneration and does not consider the composition of executive remuneration, except for brief reference to the impact of composition on level." @default.
- W241330546 created "2016-06-24" @default.
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- W241330546 date "2009-01-01" @default.
- W241330546 modified "2023-09-27" @default.
- W241330546 title "Submission to Productivity Commission Inquiry into Regulation of Director and Executive Remuneration in Australia" @default.
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