While it’s logical that a position such as CEO deserves higher pay than other roles,the disparity is getting harder to stomach.
The electric carmaker will ask shareholders to vote again on massive compensation package for Chief Executive Officer Elon Musk that was nixed by a Delaware court early this year.
The chief executives of the state’s power generation,transmission and water utilities can now earn up to $776,000 a year after a 4 per cent pay rise.
Transport agencies have been fighting the release of details about investigations into allegations involving senior executives.
Nick O’Kane became a human headline last year when he pocketed more than Macquarie chief executive Shemara Wikramanayake,who made a (relatively) more modest $32.8 million.
Corrs Chambers Westgarth’s partners will be asked to approve a pay deal this week granting CEO Gavin MacLaren a yearly salary of more than $7 million for the next nine years.
The Tesla CEO suffered a stunning rebuke this week when a US judge voided the pay package that helped make him a billionaire many times over and the world’s wealthiest man.
Eighteen executives were in line for salaries up to 68 per cent higher than their public-sector peers for similar roles.
Transport for NSW executive salaries have surged. The number of employees earning more than $150,000 has ballooned by more than two-thirds,but the roads they are responsible for will be gridlocked over the festival holiday season.
It is not exactly open warfare,but the country’s biggest industry super funds are flexing the muscles that are constantly pumped up by growth in funds under management.
The British oil giant concluded that former chief Bernard Looney had knowingly misled the board over a string of personal relationships with colleagues.