Fifteen CEOs in Australia took home more than $10 million - including Afterpay’s Nick Molnar and Anthony Eisen, CSL’s Paul Perreault and Macquarie’s Shemara Wikramanayake.
The CEO pay rises also come amid a broader debate on wages which are historically flat.
The ACSI data focuses on CEOs’ take-home pay which takes in the market value of any shares and options vested, even if they were granted in previous years. When the sharemarket is rising, those parcels can push take-home pay beyond reported pay, which only looks at remuneration including the accounting value of shares and options related to that year.
The ACSI report works through an example showing Technology One CEO Ed Chung’s reported pay last year was $1.95 million, compared with his take-home pay which was calculated in the report at $4.12 million.– focuses on the CEO’s statutory reported pay which is required to be disclosed each year in line with accounting standards. It also revealed a 20 per cent rise in CEO pay packets last year topped by Macquarie Group CEO Shemara Wikramanayake with total reported pay of $15.
More controversially, $4.85 million was paid to Crown Resorts’ Ken Barton, who departed after being found not fit to hold a position of authority at a licensed casino. That included a $1.5 million consultancy agreement, uncovered in the Victorian royal commission into Crown. Afterpay’s co-CEOs Mr Eisen and Mr Molnar set their $264.2 million record for realised pay last year after exercising their $1 options when the company share price was almost $90.The pair’s payday came ahead of the $39 billion sale of the company to Block, formerly known as Square, with Afterpay suspended from trading on the ASX on January 19 with the share price at $66.47.
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