Chief executive salaries rose average 14% in past year despite many companies calling for wage restraint for low-paid workers due to inflation concerns
The average fixed remuneration of a CEO at an ASX200 listed company was $1.37m this financial year, up from $1.14m in 2022-23.The average fixed remuneration of a CEO at an ASX200 listed company was $1.37m this financial year, up from $1.14m in 2022-23.Senior executives at some of Australia’s biggest companies recorded double-digit pay rises over the past 12 months, far outpacing pay rises awarded to the rest of the workforce.
Managing directors received an 11% pay rise, a survey of 1,089 companies across the public, private and not-for-profit sectors showed. The average fixed remuneration of a CEO at an ASX200 listed company was $1.37m this financial year, up from $1.14m in 2022-23. Some executives at large listed companies earned much more than the published fixed salaries – with bonuses often doubling take-home pay.
“Against the backdrop of the cost of living crisis, and with so many doing it tough, it might be hard for some to stomach these figures on an individual basis.”
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