If Matt Stanton gets it right and hits the earnings jackpot,he could make $6 million a year. That’s rich pickings for running a company capitalised at about $2.5 billion.
The world’s richest person is trying to recover the largest pay package ever awarded to a US executive.
As top institutions are accused of putting money before academic integrity,one university has cut back on graduation ceremonies and said it would give students a “coveted” rubber duck.
Nearly 40 per cent of the company’s shareholders voted against ANZ’s executive pay scheme at the company’s AGM on Thursday.
Rick Smith says he and his brother came up with the idea for their company after high school football teammates were killed in a shooting.
Former Qantas boss Alan Joyce received $3.4 million for his last two months in the job. In his last two years,he took home nearly $20 million.
The financial successes that spawned Alan Joyce’s cult-like following among investors ultimately led to the former CEO having largely unfettered decision-making power.
Qantas had been under pressure from politicians,investors,employees and customers to claw back about $11 million of Joyce’s bonuses from his final pay packet.
The average realised pay for the chief executive of an ASX100 company in the 2023 financial year was 50 times what an average Australian worker earned.
Canberra has played a game of one-upmanship on supermarket bashing over the past six months and may make the Guinness World Records for the use of the term price gouging.