Monday, October 22, 2007

Smack Bang Biff Pow

Take that, Sol!

David Murray's tenure at the Future Fund may just be a positive dawn in Australian fund management. What is normally a cosy club, rubber stamping pay packets, could be broken up. Murray is looking at voting the Fund's shares against Telstra's pay proposal for top level managers. Go you good thing. If this takes root we might see some sensible curbs on top flight pay and a change toward a more pro-active attitude amongst fund managers. This could only be positive for Australian shareholders and the citizenry at large.


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