Why company boards reward mediocrity with bonuses for executives
Andrew Robertson wrote an article for ABC News which discusses remuneration for executives at large companies. CBA, which is Australia’s biggest company, pays its CEO a base salary of $1.3 million, Andrew touches on Roger’s view. Read here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
peter s
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A quote from the article “Roger Montgomery, from Montgomery Investment Management, worry that the best people will stop taking the top jobs”. I love your work Monti but that statement is a boring dogma, a tired old bluff that more people need to call. Let’s call it and see what happens. It could hardly make things in corporate Australia any worse.
“”If that happens, shareholders will be worse off,” Mr Montgomery told the ABC.” Shareholders have done great from banks operations for a long time, but they have decimated the Australian economy like a cancer.