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Paul O’Flaherty

Eskom rewards bosses for fine job

The lights are going out but the power utility defends its generous pay to its executives.

Finance Minister Pravin Gordhan in June urged the United States to take caution, but this was in vain. (David Harrison, M&G)

Cut costs but not bonuses, state told

Unions rail against the plan to cut bonuses at the government’s ‘model of excellence’ – the treasury.

CEO scores R5m amid new claims of incompetence

Document claims Eskom’s mismanagement of its coal supply caused load-shedding last year.

Brown: the bankers’ stooge

The British prime minister Gordon Brown is still doing little to curb excesses

Contracts, bonuses and parties

PetroSA executives were paid to take the ‘risk’ of promotion, writes Yolandi Groenewald.

Obama moves to cool anti-AIG ferocity

Barack Obama is trying to dampen a fire he once stoked, urging a more tempered response to public furore over bonuses paid to executives of AIG.

AIG chief takes heat on retention bonuses

Edward M Liddy, chairperson and CEO of AIG, has become the reluctant defender of princely employee bonuses that Congress finds indefensible.