Executive salaries

The news today (19-12-2018) from a meeting of NAB Bank shareholders is very encouraging. The news is that shareholders have revolted against CEO-type remarks (which have been used for years now) that huge salaries have to be paid to attract international talent to a senior position. When the truth is that in Australia, a royal commission into banking and the finance sector has found that many banks have been behaving badly and been ripping off their customers, including charging deceased customers for “fees for service”. Ergo, the huge salaries and bonus packages have only attracted badly behaving types. Lord, this website is pleased that this nonsense has been sorted out. I hope this revised shareholder outlook spreads internationally and very quickly, too.

Author: Dan Byrnes

Dan Byrnes is an Australian poet, writer, historian, a one-time journalist in Tamworth NSW Australia (or, Country Music Capital, Australia). Born in Sydney in 1948, meaning in late 2018 he is aged 70! He is deeply interested in modern Australian history (since 1788), literature, poetry and music. He had a normal high school education plus several stints at university, ending with a double major in History/Psychology, then with an Honours degree in History. Of late, and as he gets older - in 2019 he will be 71 - he spends time compiling and recompiling old work, adding to this blog, and wondering deeply with the history of Australia since 1788, a relatively new country, which received up to 162,000 convicts from Britain, why there is such apathy to maritime history in general and in particular, such apathy to the question: who owned/insured the convict ships?

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