Exact(41)
After losing $260m in 1992, Mr Araskog came under attack for the lavish pay he enjoyed.
But she is under attack for offering lavish pay to senior managers at Athens 2004.
The two reports showed that financial institutions remained sensitive to criticism about lavish pay packages.
Yet the people who manage the funds have still enjoyed lavish pay packets.
Given the lavish pay these directors enjoy, outright purchases of Occidental stock would align them more with shareholders, he said.
SHOULD executives get to keep lavish pay packages when the profits that generated their compensation go up in smoke?
Similar(19)
It attacks the vogue for lavish pay-offs when directors are kicked out.
Of all the uproarious scandals that have recently beset the BBC – the unexposed guilt of Jimmy Savile, the tarnished innocence of Lord McAlpine – the one least easily explained as a combination of unfortunate coincidences are the lavish pay-offs engineered by what the present director-general, Tony Hall, calls its "officer class".
Among others, the company has continued to agree lavish boardroom pay and bonus packages while employees' pay has been cut in real terms.
Lavish executive pay that does not track a company's performance has led to anger among shareholders in recent years.
Such outsourcing simply shifts taxpayer dollars to private hands, where it can wind up in lavish executive pay packages and greater shareholder returns.
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