tqft's Journal: Here's one I didn't see coming

http://www.brisbanetimes.com.au/business/call-to-pay-back-hidden-dividends-20111212-1orbr.html
"a number of leading Australian companies are hiding payments to management by paying dividends on performance shares, meaning executives are getting a return on performance stock to which they may never be entitled. ...
Further, the payments often take the form of fully franked dividends, which means that shareholders are paying tax for executives on shares that have not, and may never, vest."
Don't worry about meeting the performance hurdles - so even if the exec's demolish the company in a fit of idiocy and the exec's fail to meet the performance hurdles so that the stock vests, they have been getting the dividends anyway.

Even more surprising (am I getting cynical?) is that a journo is actually reporting this rort.

Maybe bash the big end of town will be the flabvour of 2012 and this guy is starting early.