Who are the best paid CEOs in Australia?
in business media, and has been for decades. It typically hits the headlines most during economic downturns as investors and the public rage at the eye-watering pay packets.Once you cut through all the jargon, there are a few key ideas and concepts that can help untangle the mess.As a general rule of thumb, CEO pay can be split into three parts .
But it certainly does not mean they are being paid less. Investors have just increasingly pushed for a focus on variable pay to ensure CEOs are paid more in line with a company’s performance. The concept of variable pay has been developed over years by consultants, accountants and experts to offer executives incentives.3. How much is a CEO’s bonus?
Driving the record average was the highest bonus awarded in the 11 years for which data is available – a $19.85 million profit share received by Macquarie’s Shemara Wikramanayake, after delivering an 83 per cent return for investors in one year. For example, while Wikramanayake received a $19.85 million bonus last financial year, it does not show up in either her reported or realised pay because, under Macquarie’s profit-sharing bonus scheme, executives receive 20 per cent up front and the rest deferred over three to seven years.This is where CEO pay packets become super-complicated to work out what people are actually being paid – often not determined until years later.
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