Australian Voters Want Controls on Corporate Pay, Herald Says

By Gemma Daley

Nov. 29 (Bloomberg) -- More than nine in every 10 Australians think chief executives are overpaid and almost three-quarters want the national government to do something about it, the Sydney Morning Herald said citing a UMR poll.

Ninety-two percent of 1,000 voters polled this week said chief executives were overpaid and 72 percent said the government should regulate their salaries, the paper said without providing a margin of error.

Prime Minister Kevin Rudd yesterday told Melbourne Radio 3AW that executive remuneration restraints may be necessary, the paper said.

To contact the reporter on this story: Gemma Daley in Canberra at gdaley@bloomberg.net