TITLE

Powerless on Pay

PUB. DATE
May 2007
SOURCE
Multinational Monitor;May/Jun2007, Vol. 28 Issue 3, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the non-binding rights of shareholders when it comes to wages of chief executive officers (CEOS) of companies. In Australia, Telstra shareholders opposing the $20 million pay for CEO Sol Trujillo were ignored by the company's board. According to Telstra board pay committee chair Charles Macek, shareholders are not experts when it comes to the issue. On the other hand, U.S. Representative Barney Frank, D-Massachusetts, is pushing for the same non-binding rights for shareholders in the country.
ACCESSION #
28784091

 

Related Articles

  • Trujillo runs review marathon. Skeffington, Robert; Tandukar, Amita; Searle, Jane; Way, Julia // BRW;11/24/2005, Vol. 27 Issue 46, p80 

    The article reports that the chief executive of Telstra Corp. Ltd., Sol Trujillo, has made a five-hour presentation to shareholders on the company's future in Australia. He says that the company will invest 10 billion dollars in new technology during the next five years to produce between 5...

  • Targeting CEO Comp. Colvin, Geoffrey // Fortune International (Europe);12/12/2005, Vol. 152 Issue 11, p30 

    This article focuses on the pay raises received by CEOs. People are angry at the compensation CEOs get, some receiving 30% raises, and others, like Gillette CEO James Kilts, who received $150 million to sell his company to Procter & Gamble. Rep. Barney Frank (D-Massachusetts) introduced the...

  • Targeting CEO Comp. Colvin, Geoffrey // Fortune;12/12/2005, Vol. 152 Issue 12, p67 

    This article focuses on the pay raises received by CEOs. People are angry at the compensation CEOs get, some receiving 30% raises, and others, like Gillette CEO James Kilts, who received $150 million to sell his company to Procter & Gamble. Rep. Barney Frank (D-Massachusetts) introduced the...

  • Telstra CEO Faces Angry Legislators.  // TelecomWeb News Digest;2/27/2006, p1 

    The article reports on the plans for developing the Australian communications market outlined by Telstra CEO Sol Trujillo in a series of damage-control meetings with Australian politicians. The politicians are angered both over Trujillo's decision to go to a trade show instead of testifying...

  • 27 Sol Trujillo. C. C. // Bulletin with Newsweek;9/25/2007, Vol. 125 Issue 6588, p69 

    The article focuses on Sol Trujillo, chief executive officer of Telstra Corp. Ltd. It is mentioned that in his 30 years of career he has served as chief executive officer for US West Communications Inc. and European mobile company, Orange. It is stated that he also served on the boards of...

  • A HOT SEAT DOWN UNDER. Ellis, Eric // Fortune International (Europe);4/3/2006, Vol. 153 Issue 6, p12 

    This article focuses on Sol Trujillo, CEO of Australia's Telstra Corp. Ltd. Trujillo secured one of Australia's highest executive pay packages--about $8 million--when he signed on last year as CEO of its biggest company, Telstra. He's being handsomely compensated for the personal attacks he has...

  • HIGH-SPEED HERO. Walsh, Max // Bulletin with Newsweek;10/17/2006, Vol. 124 Issue 6542, p48 

    The article reports that blaming only Sol Trujillo, the CEO of Telstra Corp. Ltd. for the decline in the share price of the company is unfair. It's factually correct as far as the numbers go as the corporation's share price has fallen by nearly 25%. The Australian Prime Minister John Howard has...

  • DARK DAYS. Deans, Alan // Bulletin with Newsweek;11/29/2005, Vol. 123 Issue 6498, p85 

    The article focuses on the strategies opted by Telstra Corp. Ltd.'s new chief executive officer Sol Trujillo, to brighten the company's future. His warnings about plunging profits, clapped out telephone networks and tightly shackled regulations were starkly worded, and directly contributed to a...

  • Here comes the cavalry. Ferguson, Adele // BRW;6/16/2005, Vol. 27 Issue 23, p12 

    Focuses on challenges facing Sol Trujillo as the chief executive of Telstra. Status of the telecommunications company; Trujillo's experiences in the telecommunications industry; Business strategy; Duties; Plans of Trujillo for the company.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics