Stephen Rue is now paid five times more than prime minister Anthony Albanese’s salary of $587,000, annual report confirms
NBN Co CEO Stephen Rue’s short-term bonus increased by $7,000 to $704,376 last financial year. Along with a salary increase of $90,000, his total rose to $3.03m.NBN Co CEO Stephen Rue’s short-term bonus increased by $7,000 to $704,376 last financial year. Along with a salary increase of $90,000, his total rose to $3.03m.
Rue’s short-term bonus, which is linked to NBN Co performance targets, increased by $7,000 to $704,376 last financial year. Along with a salary increase of $90,000, Rue’s salary increased to $3.03m.All six of NBN Co’s senior executive team were paid more than $1m or were on track to receive that amount over a 12-month period. All received an increase in bonuses, with some jumping by almost $50,000. One executive’s pay increased from $863,535 to $1m.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “Unlike previous years, short-term incentive payments are now limited to a select number of senior staff, which has significantly reduced bonus payments,” the spokesperson said. When NBN Co salaries were released last year, the finance minister, Katy Gallagher, and Rowland wrote to the company to express concern and called for more transparency about bonuses.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JD Reforma: the 10 funniest things I have ever seen (on the internet)The artist and curator shares his online obsessions, including Kate McKinnon videos, Stephen Sondheim tributes and Julia Louis-Dreyfus accepting awards
Read more »
Silvagni’s sad Carlton rift impacting tradesThere appears to be a fresh twist in the sad saga that is Blues great Stephen Silvagni’s falling out with the Carlton Football Club.
Read more »
PM needs to get back onto ‘mainstream issues’ after Voice defeatFormer Labor senator Stephen Conroy says the Prime Minister and Labor need to get back on to the “mainstream issues” in the wake of the Voice referendum’s failure. “Albo needs to get the team focused – explain how we’re going to move forward on Indigenous issues,” Mr Conroy said.
Read more »
Tiger sways Day into big summer call as Aussie golf chief reveals ’promising’ future talksGolf: Min Woo Lee has claimed his first title in more than two years after securing victory at the Macau Open.
Read more »
Peter Bone loses Tory whip after bullying and harassment findingConservative chief whip makes decision day after watchdog recommended MP be suspended for six weeks
Read more »