Federal Independent Senator Nick Xenaphon has slammed BlueScope’s executive remuneration after the company posted a $1 billion loss and slashed 1,400 jobs.

The company’s chief executive Paul O’Malley collected a $721,000 bonus, its chairman Graham Kraehe also received $486,082 for attendance to the company’s monthly board meetings as its non-executive director.

Mr Xenaphon attacked the packages, labeling them as ‘obscene’, describing a “dark day” for corporate governance.

The Bank of Queensland has announced that Stuart Grimshaw will take the role of chief executive officer of the company after David Liddy departs the role.

Construction giant Leighton Holdings has announced the appointment of Stephen Johns as the company’s new chairman after the surprise resignation of chairman David Mortimer.

US security software giant Symantec has announced Brenton Smith as the new vice president of the company’s cloud computing business in the Asia Pacific region.

Jean-Pascal Beaufret, the chief financial officer of the National Broadband Network Co (NBN Co), has announced he will be stepping down from his position in January next year.

Telstra has bucked declining consumer spending and decreased business confidence to post $5.5 billion in free cash flow after the company announced strong sales momentum has pushed the company beyond its growth expectations.

Official interest rates are likely to hold steady until Christmas, according to National Australia Bank chief Cameron Clyne.

Despite a number of high profile executives leaving the company in the recent months, Fairfax chief Greg Hywood has voiced his confidence in his company’s robustness.

Hospitality giant Accor has announced the appointment of Ginni Ryan as its new public relations and communications executive.

The Government will be introducing amendments to the Corporations Act 2001 in the Spring Parliamentary sittings in an attempt to provide further certainty around aspects of the new executive pay reforms.

UniSuper’s CEO, Terry McCredden, has been awarded the Fund Executive of the Year award after “demonstrating exceptional leadership in the areas of advice, investment management, risk management”.

Software giant Symantec’s Australia arm has announced the departure of its Managing Director, Steve Martin, a month after he left the job.

Portfolio administration and managed account technology provider Praemium has announced that Michael Ohanessian will take the chief executive role after founder and current CEO Arthur Naoumidis steps down from his position.

Jetstar has announced it is considering relocating some of its senior management from Melbourne to an Asian centre in an attempt to follow the lucrative fast-growing markets in China and other parts of the region.

Myer Group has confirmed it has reached an agreement with Chief Executive Officer and Managing Director, Bernie Brookes, to extend his the term of his contract through to August 2014.

Toll Holdings has announced that its CFO, Brian Kruger, will take the Managing Director (MD) position as of 1 January 2012, replacing retiring MD Paul Little.

Chief executive officer of the Melbourne Convention and Exhibition Centre Leigh Harry has retired after 22 years of serving in the position to accept as chief executive of Tourism Victoria.

Woolworths’ director of food, liquor and petrol for Australia and New Zealand Greg Foran has quit the company four months after being passed over for the chief executive position.

A combination of rising inflation and falling economic growth has led to a sharp decline in the number of Australian executive jobs on offer, according to executive employment specialists E.L Consult.

The British defence giant BAE Systems has appointed a new executive from Britain to head its Australian operations.

Seven of the eight Centro team involved in the company’s controversial financial misconduct allegations have asked the Federal Court to spare them any forms of punishment.

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