Pigs at the Trough: Lessons from Australia's Decade of Corporate Greed[罗马宗教指南]

Thepastdecadehasseenaperiodofunparalleledgrowthinexecutiveremuneration.ButwhileCEOpayexploded,shareholderslookedonhelplesslyassomeofAustralia′sbest–knowncompaniesself–destructed.Whenthefalleventuallycame,executiveswerewellprotected.Shareholdersandcreditorswerenotsolucky.FromTelstra′senrichingofSolTrujillotothetopplingofEddyGroves′sABCLearningCentresandtheuntoldaccountsofthebillionslostbythecollapsedBabcock&Brown,AllcoFinanceGroupandMFS,PigsattheTroughtellsthestoryofhowagenerationofexecutives,underthesupervisionofwell–knownandrespectednon–executivedirectors,pushedalltheboundariesandsometimessailedrightoverthem...andgotawaywithit.Apacey,irreverentreadbutwithadevastatinglyseriousmessage,PigsattheTroughgivesinvestorsinvaluableinsightsintohowtospotthetelltalesignsofimpendingcorporatecollapse,andhowtoavoidbeinganothervictim.