A year after the Australian press expressed its disgust with the $30m paycheck for Macquarie chief Alan Moss, they are at it again. With Alan Moss’ income hitting $80m this year (including his retirement kicker), the media and politicians are at it again. This time they demanding for something they call ‘pay restraint’. As the idea suggests, it involves individuals suggesting to employers that to perhaps not pay them so much given the amount may be well in excess of they what they actually require. Sounds great…. if you are an incense sniffing, butterfly loving, rice burning, ant saving monk in the middle of a rice patty.
Should it be of a concern then that the man who has replaced Alan Moss is Nick Moore, whose name sounds more like the Macquarie mission statement rather than a name?…
