Why don the Government step in and force some sort of regulation to CEOs salaries?
JENNY MACKLIN: Well we’re really saying to the shareholders, this is your responsibility. This is a responsibility of shareholders to get this right and to make sure that you both take your responsibilities to your employees seriously as well as making sure that we don’t see these extraordinary payouts. JOURNALIST: And what guarantees can the Government give the pensioners won’t be hit with a reduction in their pensions? JENNY MACKLIN: We’ve indicated for some time now that we intend to pursue pension reform in the Budget. We made a major down payment to pensioners in December, $1,400 to single pensioners, $2,100 to couple pensioners. We understood then and we understand now that pensioners are finding it difficult to make ends meet. I’ll receive the Report of the Pension Review shortly; we’ll consider it very carefully and act in the Budget. JOURNALIST2: So you’re not ruling out reducing some pensions? JENNY MACKLIN: What we’ll do is consider the Report very carefully and respond in t
