Spotlight on executive salaries: Not all fat paychecks are the same
Pay caps for the financial services industry are fair because the public justifiably thinks managers don’t deserve what they get.
Four years after MK Shelly Yacimovich (Labor) introduced a bill limiting management compensation at publicly traded companies, executive pay is again in the spotlight. The Finance Ministry’s commissioner for capital markets, insurance and savings is imposing a new set of restrictions on managers at insurance companies. There’s no cause for alarm: It won’t drive them out of the country to...
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