"Santos chief David Knox's $3.8million pay packet is too small........"
Really?? Too small???
The pay or the packet?
Because envelopes do come in larger sizes.........
But I know they mean the amount is not enough, because I read the rest of the story.
This is not a retirement package, it's his yearly wage.
To me, it's a fantastic amount of money and I think he should be well satisfied.
But apparently other CEO's are earning a couple of million dollars more than he is, and the company says shareholders should vote to increase his package.
If they do vote for this, will the extra come out of their shareholdings? I don't think so. I don't think they'd be willing to give up any of their profits.
To get the extra couple of million more profits will have to be made.
How is this done?
Prices will rise, on something, somewhere.
And the trickle down/flow on effect that makes life harder for the general hardworking population continues.