Author(s): Adam Schwab

Current Affairs

The past decade has seen a period of unparalleled growth inexecutive remuneration. But while CEO pay exploded, shareholderslooked on helplessly as some of Australia's best-known companiesself-destructed. When the fall eventually came, executives werewell protected. Shareholders and creditors were not so lucky. From Telstra's enriching of Sol Trujillo to the toppling of EddyGroves's ABC Learning Centres and the untold accounts of thebillions lost by the collapsed Babcock & Brown, Allco FinanceGroup and MFS, Pigs at the Trough tells the story of how ageneration of executives, under the supervision of well-known andrespected non-executive directors, pushed all the boundaries andsometimes sailed right over them ... and got away with it.A pacey, irreverent read but with a devastatingly seriousmessage, Pigs at the Trough gives investors invaluableinsights into how to spot the telltale signs of impending corporatecollapse, and how to avoid being another victim.