RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Thieving OZschwitz statists whining over private sector remuneration Thu Aug 06, 2009 3:52 am | |
| THE cycle of excessive reward for private sector executives has been lashed by the body that sets pay for judges and politicians, which says top public servants work just as hard for much less.
The Remuneration Tribunal, which decides the salaries of defence force chiefs, judges, politicians and public servants has weighed into the debate on corporate salaries, claiming increased financial reward does not lead to better performance.
It also argues against claims made by business leaders and pay consultants that there are a limited number of executives capable of leading major corporations; and that performance pay is needed to make executives act in their corporation’s best interest.
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