Friday 15 August 2008

Has Telstra crossed that 'bad taste' threshold?

Telstra CEO Sol Trujillo has recently had his salary package increased by $1.6million to $13.39million.

Now Telstra is not really doing as well as it has in the past, so why is it heaping enormous cash bonuses and incentives, shares and options to buy on senior executives?
More importantly - why is its principal shareholder, the Commonwealth, not putting a brake on these huge payouts?

I don't care how business savvy a CEO is; no-one could possibly 'earn' or deserve that sort of money.

The Telstra board wins the 2008 Bad Taste Business Award as far as I'm concerned.

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