Thursday, 8 October 2009

Snap! The very real rewards of business failure


Two perspectives on Greed Unlimited.

From the Brisbane Times last Monday:

The basic wage of Babcock & Brown Infrastructure's boss has risen by more than $300,000, despite the company's shares losing 90 per cent of their value, a market analyst says.
Jeff Kendrew was appointed chief executive officer of Babcock & Brown Infrastructure in June 2007.
On November 12 last year he was also named executive director.
News Limited says Mr Kendrew's basic wage has risen from $365,000 to $700,000, while shares have fallen from $2 in 2007 to less than one cent.

From Stephen Mayne's email newsletter The Mayne Report on the same day:

No comments: