Leading superannuation body, the Australian Council of Superannuation Investors (ACSI), has called for a change in chief executive pay and disclosure and has labelled some CEO termination payments as “too generous”.
In a media statement by ACSI, the council said it supports the introduction of UK-style proposals that provide for the outstanding term of a contract [...]

For the past two years bank chief executives have been explaining away the rising trend in bad and doubtful debt charges by saying rhe increases were off a low – abnormally low – base.
The tone of the discussion changed yesterday when National Australia Bank’s chief executive designate, Cameron Clyne, said the bad-debt cycle had some [...]

TELSTRA’S main rival in the bidding process for the national broadband network says it remains committed to the project despite the withdrawal of one of its key members.
Terria chairman Michael Egan said he regretted today’s withdrawal of AAPT from the consortium of eight telecommunications companies, just six weeks before the federal government’s deadline for bids.
Earlier [...]

We are going through the worst financial crisis in our lifetime.”
- Prime Minister Kevin Rudd
A week may be a long time in politics but it’s proving to be an eternity on financial markets, as investors increasingly worry about runs on banks, global economic collapse and a deep recession.
It’s requiring the Rudd government to quickly respond [...]