<
https://www.theguardian.com/australia-news/article/2024/jul/12/australian-ceos-average-wage-workers>
"Chief executives in Australia’s largest companies are making slightly less
money but are still taking home on average 50 times the pay package of a
typical worker.
In its annual audit of CEO pay, the Australian Council of Superannuation
Investors found chief executives at the 100 largest listed businesses averaged
$5m in the 2023 financial year, down from $5.2m the previous year.
The drop is consistent with a steady decline from Australian CEO salary highs
in 2021, according to the country’s biggest governance adviser, when top dog
wages boomed after taking a pandemic-induced hit.
Louise Davidson, Acsi’s chief executive, said the fact CEOs were making less
was “encouraging”.
“The results of this year’s research indicate that the efforts of investors,
and greater scrutiny from Australian boards, have seen CEO pay levels hold or
decrease in many of Australia’s largest listed companies.”
Bonuses, however, have “become the norm”, one of the “clear issues” highlighted
in the research, Davidson said."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
