13 Jul 2021
Executive Salary, Incentives & Tenure
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
We are pro-business but don’t understand how any business can pay an employee AU$43m for one year of work.
Yes, the Chief Executive Officer (CEO) must be paid and paid well but AU$43m for one year of work!
Is it theft or value for shareholders to pay a CEO AU$43m for one year of work?
Is it the business or the CEO that earns the return for shareholders?
The Board of Directors is responsible for this outcome.
The Board of Directors represent the shareholders that own the business (that’s us) and it is they that approve the remuneration policy of the CEO.
Click for table.
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