How much does one person
need? When is enough, enough? What justifies a salary in excess of
US$3m.? The corporate world has
been immersed in unbridled greed.
Mr. and Mrs. Joe Average can only **** ** ******* ** *** ************ *********** ** ************* ** **** ** *** ******** *** *** ******* *********** ** *********** ** *** **** ** ****** **** ******* ** *** ******* ** *** ******** *********** *** **** ******** ********* ********** ***************** **** *** ******** ****** *** ***** ** *** **** *********** ** ** ** ** ******** ***** **********
WorldCom, Enron, AOL, even our
homely Martha Stewart and the previously perceived doyen of corporate morals, ***** ********* ****** ********* **** **** ***** ** ** *** ********* ******* ** ******** ******** ***** *** ** ****** **** *** ** ******* *** *************** *** ****** ************* ******* *********
We witnessed the greed of the
1980s and all thought the hard lessons had been learnt. ***** *** ******** ***** ******** *** ********** ******** ** * ***** ************ ***** *********** *** ********* *** ********* ******** ** ***** ******** ******** ******** ******** ** ******* ***************** ********** ******** *** ******* ******** ********* *** ********* ** ******** ******** ************ *** ****** ***** *********** *** ****** ***** ******** *** ***** **** ***** ***********
The conundrum for the proprietors
and advisers who had placed such excessive valuations on these dot *** ******* ***** **** ***** ******* ******** *** ******* *********** *** ** ******* ***** ******** ** *********** ***** ****** *************** ******** *** ****** *** *********** * * ****** ** * *** ***** ** *********** **** *** ******* ****** ****** ******* ***** ** ******* ***** ******** ********* ******** ****** ******** *********** ********* **** ** ****** *** *** ******** ** *************** ************ ** ***** ** ******** ********* ** **** ********** ** ********* *****
With the auditors protecting
their almost obscene levels of ancillary consulting revenues from these
ventures, there *** ******* ************ ******** *********** ** *** ********************* ** ********** *** ***** ***** *** ********** ***** ********* ***** *** ******** *** *********** ******* *** *********** ***** ****** ********** ** ** **** *** ********** **** *** **** ** ***** ** *** *** ** *** ***** ************** ** *** ***** *** ********* **** *** ***** *** *** *** ********* *** ****** ** **** *** ******* ** ***** *** *** ******
The vast majority of dot coms may
have taken their natural place in the dustbin of ********* ******* *** ********* *********** ************ ***** ** **** *********** **** ********* ** **** ********* ***** *** ***** **** ***** ****** ******** *** ************ ****** *** ** *** ***** *** ****** *** **** ***** ******* *** **** ************* ************* ***** ********* *** **** ******* ** *** ***** ********* *** ******** *** ****** *************** *** ******* *********** ******** ****** * **** *** ******** *******
Who presides over the Chief
Executives’ remuneration? In many
cases OTHER Executives or Directors who may **** **** ******** *** *** *** ** ************ *** *** **** **** ***** **************** ** ****** ** ****** **** *** ****** **** ***** ***** ********** *** ********* **** **** ***** ************ ******* ***** ** *** ********** ** *** ***** *********** *** ************ ** ** *** *** ** ******* **** ** ************* ****** ****** * ** **** **** ********* *** *********** ********* **** **** * ****** ** ***** ***** **** ****************** ******* **** *** ***** ***** ** * ********** ** *** ***** ****** ************** ******** ******** ***** **** *********** **** ** *** ******** ** *** ************ *********** *** *** ************ ** ***** ***** * **** ********** *** **************** ********* *** ***** ********* ****** ******** *** ********* ****** ** ****** *********** ***** ** **** *** ******************
Of course the inter-dependent
nature of those involved in Executive pay decisions leads to other serious ***** **** *** ************ ***** *** ********** *** **** ******* ** ***** ** *** ************* ** ************ **** *** ************ ************ ***** ****** **** **** ** *** ***** ** *** ********* ************** ******* **** *** ************ ************ **** **** ** ***** **** *** ******* ******* ************* ** ****** ***************** *** ********* *********** ******* ** ****** ***** **** ** **** ****** ******** ** ******* ** *********** ************ ** *** **** *** *** ********** ******* ******* *** ****** **** *** ********* ***** ********* *** *********** ** ********* **** *** *********** ******* ***** *** *** *** ************ ****** ** *********** **** *** **** ************ ************ ********* ***** *** **** ******** ******** ** *** *********** ******* ***** ******** **** *** *** ** *** **** ** ****** *********** ** **** *******
Where are the guardians of public
shareholder funds?! Where is the
political and institutional clout to *********** ******** *** **** **** ************* ************* *** ************** ***** ****** ********* ******* **** ******* ********* ***** **** ********* ** ********* ** ** ******** ****** ********* *** ************** *** ****** ******** **** ************ *************** *** ******** ****** ** ***** ***** **** **** *********** ******** ******* **** ******* *** ******** ****** *********** ******
In particular, Shareholder groups
and the large institutional investors need to adopt a pro-active and interactive ****** ** ******** * ******** *** **** ******* ********* ************* ** *** ****** ******** ** * *** *** ********** **** **** **** ****** **** *** **** ** ************* *************** ** **** **** ** ******* ***** **** **** ***** **** ** ************** *************** **** **** ** ********* * ************ ********* ********* ***** ** ***** **************
The benefits of such changes will
be across-the-board and wide spread.
Basic economics dictates that you ****** ** ** ****** ** ****** ** *** ******* ***** ********* ******* ********* ************* ** *** **** *** ******* ***** ** *** ********** *** ******* **** ********* **** ********* *************** *** ***** ******* ** **** ** ** *** ******* *** ****** *** ***** *** **** ******** ** *** ****** *** ***** ** ************ ********* ******* ********** *** ************** ********* ********* ***** ** ***** ***** **** ********* **** ****** *** **** **** ***** ******** ** *** ***** ** ********** *** ****** ******************** ****** *** *** ******** *** ******* ****** *** *** ********* ********* ** ********* ******* *** *********** ************ *** ****** ** **** ***** **** ******* ********** *** ***** *** ***** ***** *** ********* ***** **** ****** ***** **** * ** ******* ** ** ** ************* ********* * ******* ********** ****** ** *** ****** **************
Price: US$26.90