Book Title: Pigs at the Trough : Lessons from Australia's Decade of Corporate Greed
Author: Scott Pape
Format: Paperback | 256 pages
Publication Date: 30 Aug 2010
The past decade has seen a period of unparalleled growth in
executive remuneration. But while CEO pay exploded, shareholders
looked on helplessly as some of Australia's best-known companies
self-destructed. When the fall eventually came, executives were
well protected. Shareholders and creditors were not so lucky.
From Telstra's enriching of Sol Trujillo to the toppling of Eddy
Groves's ABC Learning Centres and the untold accounts of the
billions lost by the collapsed Babcock & Brown, Allco Finance
Group and MFS, Pigs at the Trough tells the story of how a
generation of executives, under the supervision of well-known and
respected non-executive directors, pushed all the boundaries and
sometimes sailed right over them ... and got away with it.
A pacey, irreverent read but with a devastatingly serious
message, Pigs at the Trough gives investors invaluable
insights into how to spot the telltale signs of impending corporate
collapse, and how to avoid being another victim.