This Month
This CEO is paying a $62m price for misleading his board
BP’s former chief executive, Bernard Looney, was formally sacked after the oil giant found he knowingly misled the board over his relationships with staff.
- Updated
- Matt Oliver
Goldman’s $152m man to step down – and it’s not David Solomon
Ed Emerson, the head of the investment bank’s commodities business, was paid $US100 million over the past three years, over $30 million more than the CEO over the same period.
- Updated
- Sridhar Natarajan
McKinsey, BCG don’t want public to know junior partners earn $700,000+
McKinsey told a Senate inquiry it was “not able to share the remuneration of our individual partners”, while BCG said partner pay was “tied to a global structure in a highly competitive global market”.
- Edmund Tadros
Make it harder for CEOs to get big salaries, bonuses: super funds
Executives should only get bonuses for outperformance, and not for business as usual, the Australian Council for Superannuation Investors says.
- Hannah Wootton
Canadian bank bonuses poised to rise by an average 9pc
Money set aside to pay annual bonuses, usually in December, is higher than expected given a broadly disappointing year for dealmaking.
- Christine Dobby
- Exclusive
- BOSS
Revealed: Australia’s 50 highest-paid CEOs in 2023
Despite topping the pay ranks, Macquarie Group’s Shemara Wikramanayake is just one of two women on the list.
- Patrick Durkin
November
- Exclusive
- Interest rates
These 32 public servants earn more than $1m
Finance Minister Katy Gallagher has warned the boards of government-owned businesses they must show restraint on pay and bonuses, amid a new round of high salaries.
- Updated
- Michael Read and Tom McIlroy
October
Whitehaven flirts with strike after BHP deal ‘gamble’
A US institutional investor has joined activist fund Bell Rock’s campaign to give the Whitehaven board a black eye at Thursday’s AGM.
- Paul Smith
BHP urged to hit exec pay for $445m payroll blunder
Proxy advisers reckon BHP has gone soft on senior executives over a $445 million payroll blunder that shortchanged 34,000 past and present employees.
- Peter Ker
ISS tells Whitehaven investors to reject miner’s exec pay
The proxy adviser says investors should shun the miner’s executive pay because of its focus on unnamed “strategic priorities”.
- Peter Ker
September
Fels scores $1m for NSW toll review, documents reveal
The Minns government promised to clamp down on highly paid consultants. Meet the two mandarins who are the exception.
- Samantha Hutchinson
- Updated
- Aviation
Qantas to spend big to win back trust: Hudson
New CEO Vanessa Hudson says the airline will spend more than $150 million to restore trust but acknowledged the extra spending will come at a cost to the company’s profits.
- Updated
- Ayesha de Kretser
- Opinion
- Chanticleer
Qantas goes soft on pay, kicks can down the road
Qantas chairman Richard Goyder needs his executives to fire up for the post-Alan Joyce era. Pay is a big part of that.
- Updated
- Anthony Macdonald
$10m of Joyce’s bonus at risk in bid to appease investors
The airline’s chairman Richard Goyder says Qantas will wait until the ACCC investigation “progresses” before deciding whether to award $2.2 million in short-term bonuses.
- Ayesha de Kretser
Lovisa CEO’s giant pay outshines bigger retailers
Victor Herrero’s total remuneration reached an eye-watering $30 million over the 2023 financial year.
- Carrie LaFrenz
Major shareholders warn Qantas board on Joyce’s terms of exit
The airline’s value has fallen almost $1.5 billion in a month as it faces a lawsuit from the competition regulator and customer anger over service and fares.
- Ayesha de Kretser
NAB chairman says bonuses could be linked to climate
Phil Chronican is open to linking executive pay to hitting the bank’s net zero target, but is still looking for the right, robust measurement.
- James Eyers
Qantas board under pressure on bonuses, Joyce’s share sale
The airline’s superannuation investors say they are watching how it deals with the “significant damage to reputation” it has sustained in the past 12 months. Qantas CEO Alan Joyce was granted $10.8 million in shares on Friday.
- Ayesha de Kretser and Joe Aston
August
- Opinion
- Chanticleer
Waste bosses put their money where their mouths are on pay
There was one sure way for Cleanaway Waste Management to show it is serious about growing earnings by at least 50 per cent in the coming three years.
- Anthony Macdonald
KPMG Australia CEO’s pay cut amid slower growth
Andrew Yates took a $600,000 haircut down to $2.2 million in the last financial year, after a slowdown in consulting work and deals.
- Updated
- Edmund Tadros
