Australia’s top CEOs are making more than 55 times the typical worker, according to a new report by the.
However, the report also found that pay for CEOs of these companies was the lowest it’s been in nine years during the 2021/22 financial year.
Who are Australia’s top-earning CEOs?
Mick Farrell (ResMed – medical equipment):
Greg Goodman (Goodman Group – property):
Robert Thomson (News Corp – media):
Alex Dorsch (Chalice Mining):
Shemara Wikramanayake (Macquarie Group – finance):
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Bonuses for Australia’s top-earning CEOs:
Bonuses – compensation based on key performance indicators – were found to be a key part of the total pay taken home by CEOs.
The median bonus awarded to a CEO of an ASX100 company (the top 100 publicly-listed companies) was $1.72 million. The report said there is an attitude of “everyone wins a prize” when it comes to bonuses.
Qantas bosswas the only ASX100 CEO who did not receive any bonus during the period.
Reported pay:
The findings also included detail on reported pay, which doesn’t include equity agreements.
On this metric, Macquarie Group CEO Shemara Wikramanayake was the highest-paid CEO with $23.72 million.
Wikramanayake is the first woman in Australia to earn the highest reported pay among ASX200 companies for two years in a row.
