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Executive pay driven by leap-frogging, argues Peetz
Executive pay in Australia has been driven by "leap-frogging" - an inflationary form of comparative wage justice that ordinary employees had to abandon as "old hat and dangerous" in the enterprise bargaining era, according to Griffith University's Professor David Peetz. He also says the Fair Work Act's legal minimum is a "useful benchmark" when setting executives' termination payouts.
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