Business
Future Fund urges ‘pub test’ on executive pay as COVID-19 hits profits – Sydney Morning Herald
The $162 billion Future Fund is urging boards of companies that have slashed jobs during the pandemic to use a “pub test” when setting executive pay.
“Whilst any legitimate decision to cut jobs during this time doesnt need to be explicitly incorporated in executive remuneration outcomes, boards should consider applying a basic pub-test which may suggest that some of the pain felt by staff below executive management ranks should also be applied to the remuneration outcomes of key management personnel,” it said in a recent guidance note published online.
It also said it expected restraint in cash bonuses, told companies not to strip out the im…
-
Noosa News6 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News6 hours agoMotorcyclist dies in crash with truck
-
Noosa News21 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
General21 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate