The Australia Institute’s Ebony Bennett suggests some policies to tackle the greed that is festering in Australian business: “If cutting penalty rates is good incentive for hospitality workers to work harder and longer, it’s about time we talk about reigning in CEO pay to incentivise some better behaviour from bankers. Options to tackle CEO greed include setting a maximum wage, just like we set a minimum wage, introducing a new top marginal tax rate or simply forcing companies to pay tax on excessive payments to executive staff. Australia Institute research shows more than three quarters of Australians would back any one of these measures.”
9 February 2019