The remuneration of Australia’s highest-paid chief executives has exploded by an average of almost 70% in the past year.
Kogan boss, Ruslan Kogan, enjoyed the biggest increase among the top 50 highest paid executives, his pay skyrocketing from $594,000 to almost $9m this year – an increase of more than 1,400%.
Macquarie Group’s CEO, Shemara Wikramanayake, enjoyed the largest package among the top 50, worth $15.97m, up 7% from $14.91m.
On a take-home basis, CSL’s boss, Paul Perreault, pocketed $61m this year, boosted by a share price that has steadily risen over the past five years.
OpenDirector’s CEO, Donald Hellyer, said executive pay had “come roaring back” this year.
He said base pay had barely changed but short-term bonuses went up dramatically as share prices surged due to record low interest rates.