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- Source :
-
BRW . 3/25/2004, Vol. 26 Issue 11, p73-73. 1/4p. - Publication Year :
- 2004
-
Abstract
- Highlights a discussion paper by the insolvency firm KordaMentha which suggests that employee entitlements should not take priority over the rights of secured creditors when a company goes broke in Australia. Call for cutting the entitlements of highly paid managers in insolvent companies; Claim of KordaMentha that companies will get around the federal government's position by creating corporate structures with employees in one structure and assets in another.
- Subjects :
- *BANKRUPTCY
*BUSINESS enterprises
*DEBTOR & creditor
*EXECUTIVE compensation
Subjects
Details
- Language :
- English
- ISSN :
- 0727758X
- Volume :
- 26
- Issue :
- 11
- Database :
- Academic Search Index
- Journal :
- BRW
- Publication Type :
- Periodical
- Accession number :
- 13059403