[ad_1]
Domino's Pizza's Don Meij has risen to become $ 36.84 million last year, pbading perennial performers, Westfield's Peter and Steven Lowy on a combined $ 25.9 million, and Macquarie's Nicholas Moore on $ 25.19 million.
Chief The Australian Council of Superannuation Investors badysis reveals.
Median realised or take-home pay for the top 100 CEOs is up 12.4 per cent to $ 4.36 million, and more than 18 per cent, despite the fact that it was 1.1 per cent to $ 1.77 million.
ACSI, which advises the industry at the AGM season, said that a top 100 CEO
Only six top 100 CEOs who were eligible for a bonus, including Mr Meij and Commonwealth Bank's Ian Narev, who was among 10 departing CEOs.
Advertisement
The big four bank chiefs tumbled out of the top 10 CEOs for the first time on record, as boards put a greater proportion of CEO pay in equity, which investors have long called for, and into bonuses with the median bonus 70.5 per cent of the maximum available.
"ACSI chief executive Louise Davidson said.
" If they are not transparent and reflective of
ACSI CEO Louise Davidson warns that UK-style exec pay clamps may be needed if bonuses continue. ” width=”620″/>
Push for UK-style pay clamps
Push for UK-style pay clamps
Ms Davidson said unless bonuses were curbed, funds would call for legislation.
"It's a sad state of affairs when it comes to such things. "Ms Davidson said."
The ACSI report highlights the often huge disparity between reported payrolls and debtors. "For example, Mr. Meij's take-over", "The value of shares and equity in the year in which they are granted and take-home or realised pay," which shows the value of shares and equity in the year they are received.
Home
Mr Meij acquired 900,000 shares on the exercise of $ 15.81 million worth of options, which he sold for a total of $ 53.11 million to "fund option exercises, tax liabilities from his options and a divorce settlement" last year.
Bank CEOs lose out
Domino's share price has fallen over $ 70 two years ago to less than $ 50 this year – a 37 per cent fall – and Mr Meij did not get any bonus.
However, the share price is still significantly up from just over $ 25 million last year [top].
Daniel Munoz
Westpac's Brian Hartzer – last year's highest paid bank chief – ranked 20th on reported pay with $ 6.68 million and 33rd on realized pay with $ 5.28 million.
Qantas CEO Alan Joyce's latest $ 25 million pay packet would also
Four CEOs have been included in the ASX100 top 10 payday loans for the four years – Ramsay Health Care's Chris Rex, the Lowy brothers, Macquarie CEO Nicholas Moore and James Hardie's Louis Gries, collecting a total of $ 341 million over the four years.
Mr Rex, Mr Gries and Mr Moore have had total shareholder returns (TSR) over the four-year period of well over 110 per cent, compared to TSR across the ASX200 up around 12 per cent during the financial year 2017.
Jim Rice
Pay for Performance
Based on reported pay, Mr Rex, the Lowy brothers and Macquarie's Mr Moore took the top three spots on $ 25.6 million, $ 21.4 million and $ 18.71 million respectively.
"The highest paid TSR and vice versa, shareholders benefit, so do CEOs, "Michael Robinson pay expert from Guerdon Associates said.
The six CEOs who received no bonus for performance reasons in the financial year were CBA's Mr Narev , Tabcorp's David Attenborough, Matt Bekier's Star Entertainment's, Adelaide Brighton's Martin Brydon, Vocus' Geoff Horth and Domino's Mr Meij.
Only Mr Attenborough, Mr Bekier and Mr Meij remain in their roles and ACSI
[ad_2]
Source link
