AAP General News (Australia)
02-03-2004
Fed: PM understand irritation of payouts for failing bosses
Prime Minister JOHN HOWARD says he can understand community irritation at big payouts
to company bosses who have failed to perform.
But he still believes companies should be entitled to pay high salaries to attract
talented chief executives.
The payout to former National Australia Bank chief executive FRANK CICUTTO sparked
criticism after he resigned in the wake of a $360 million currency trading scandal.
Mr CICUTTO will walk away with a termination …
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