When it comes to executive pay,the big bucks are almost always to be found in bonuses rather than base pay.
Average take-home pay for chief executives of Australia’s largest publicly listed companies has taken a hit.
Big increases in chief executives’ salaries will be closely scrutinised by investors at this year’s annual general meeting season.
Businesses that have been fighting calls to raise workers’ wages to match inflation are cavalier when it comes to rewarding their top brass with large pay rises.
Most vice chancellors are earning at least twice as much as the premier,despite all eight universities posting deficits as the pandemic continues to weigh on their finances.
Qantas will pay its incoming chief executive Vanessa Hudson a base salary of $1.6 million when she starts in the role in November,but she may receive millions more in bonuses.
Almost half of all shareholder votes opposed AMP’s remuneration report on Friday,amid concerns about how the company set executive bonuses.
Federal Reserve Chair Jerome Powell may have the power to move markets with a single word,but he takes home the same pay cheque as a young equity analyst with three years experience.
Musk denied in court that he dictated the terms of the deal,which was hatched in 2017 when the carmaker was struggling to survive.
Australian tech executive Robyn Denholm told a judge the electric carmaker got good value by agreeing to pay Elon Musk about $82 billion to be its CEO,even though he was splitting time on ventures like building a colony on Mars.
A Tesla board member testified that the largest executive-pay package in US corporate history was necessary to keep Elon Musk “engaged” in the electric carmaker he founded.