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A2 Milk flesh David Hearn must have really wanted the former head of Jetstar Jayne Hrdlicka to take the lead of the company. Just look how much he pays for it.
The fixed contract of the former Bain consultant is $ 1.5 million a year. His short-term incentive program is worth the same (with another 20% on top of that at the discretion of the board for "Jayne's personal performance"). And his long-term incentives in his first year of employment are performance rights equivalent to 175 percent of his base salary.
Add up all potential sources of compensation and if she achieves all of her targets, she could earn $ 6.7 million. his first year. Which is very good, but does not quite match his package of $ 8.1 million in FY17 at Qantas.
But do not worry, we have not even got the Hrdlicka signup bonuses. She abandons short and long-term payments at Qantas. Thus, A2 gives him a one-time cash payment of $ 600,000 (67 percent of his STIs) and 599,245 rights on A2 shares, worth $ 6.2 million at Thursday's price and does not undergoing no performance hurdles to replace 80% of it confiscated the Qantas certificate. Nice of them! And who would not prefer to own a milk company with a share price on an airline, even though A2 is slightly down from its historical highs (and trading at a P / ratio) E frankly alarming of 55). ex-CEO Geoffrey Babidge who created one of the most successful companies in the country, received only 857,590 dollars. He had a base salary of $ 700,000, which is less than half of what Hrdlicka will definitely get. Although it's refreshing to see a female CEO arrive on a higher salary package than her male predecessor for once. And Babidge is going after making millions of stock sales and still holds 2.5 million shares worth $ 26 million.
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