This Month
Whitehaven flirts with strike after BHP deal ‘gamble’
A US institutional investor has joined activist fund Bell Rock’s campaign to give the Whitehaven board a black eye at Thursday’s AGM.
- Paul Smith
BHP urged to hit exec pay for $445m payroll blunder
Proxy advisers reckon BHP has gone soft on senior executives over a $445 million payroll blunder that shortchanged 34,000 past and present employees.
- Peter Ker
ISS tells Whitehaven investors to reject miner’s exec pay
The proxy adviser says investors should shun the miner’s executive pay because of its focus on unnamed “strategic priorities”.
- Peter Ker
September
Fels scores $1m for NSW toll review, documents reveal
The Minns government promised to clamp down on highly paid consultants. Meet the two mandarins who are the exception.
- Samantha Hutchinson
- Updated
- Aviation
Qantas to spend big to win back trust: Hudson
New CEO Vanessa Hudson says the airline will spend more than $150 million to restore trust but acknowledged the extra spending will come at a cost to the company’s profits.
- Updated
- Ayesha de Kretser
- Opinion
- Chanticleer
Qantas goes soft on pay, kicks can down the road
Qantas chairman Richard Goyder needs his executives to fire up for the post-Alan Joyce era. Pay is a big part of that.
- Updated
- Anthony Macdonald
$10m of Joyce’s bonus at risk in bid to appease investors
The airline’s chairman Richard Goyder says Qantas will wait until the ACCC investigation “progresses” before deciding whether to award $2.2 million in short-term bonuses.
- Ayesha de Kretser
Lovisa CEO’s giant pay outshines bigger retailers
Victor Herrero’s total remuneration reached an eye-watering $30 million over the 2023 financial year.
- Carrie LaFrenz
Major shareholders warn Qantas board on Joyce’s terms of exit
The airline’s value has fallen almost $1.5 billion in a month as it faces a lawsuit from the competition regulator and customer anger over service and fares.
- Ayesha de Kretser
NAB chairman says bonuses could be linked to climate
Phil Chronican is open to linking executive pay to hitting the bank’s net zero target, but is still looking for the right, robust measurement.
- James Eyers
Qantas board under pressure on bonuses, Joyce’s share sale
The airline’s superannuation investors say they are watching how it deals with the “significant damage to reputation” it has sustained in the past 12 months. Qantas CEO Alan Joyce was granted $10.8 million in shares on Friday.
- Ayesha de Kretser and Joe Aston
August
- Opinion
- Chanticleer
Waste bosses put their money where their mouths are on pay
There was one sure way for Cleanaway Waste Management to show it is serious about growing earnings by at least 50 per cent in the coming three years.
- Anthony Macdonald
KPMG Australia CEO’s pay cut amid slower growth
Andrew Yates took a $600,000 haircut down to $2.2 million in the last financial year, after a slowdown in consulting work and deals.
- Updated
- Edmund Tadros
CBA boss Comyn gets $10.4m pay packet
The Commonwealth Bank chief executive’s pay out was largely due to a long-term $5.5 million bonus finally vesting in the last financial year.
- Lucas Baird and James Eyers
July
Denholm, Murdoch and Musk on the hook as Tesla board pays back $1.1b
Sydney-based Robyn Denholm, James Murdoch and Elon Musk are among Tesla board members who have agreed to pay back hundreds of millions of dollars in remuneration.
- Paul Smith and Jef Feeley
- Opinion
- Chanticleer
Why CEO pay is at the lowest level in nine years
Boards are showing more restraint when it comes to chief executive salaries. But is that about to change?
- James Thomson
June
Pay rises for execs surge past inflation
Governance Institute CEO Megan Motto said the pay data indicated the tight labour market and the rising cost of living was playing out at the executive level.
- David Marin-Guzman
Top finance women drive ‘breakout period’ for CFOs as pay jumps 24pc
With Vicki Brady leading Telstra, Leah Weckert at Coles and Vanessa Hudson at Qantas, one in five top 100 companies have elevated their CFO to become CEO.
- Patrick Durkin
May
$156k Land Rover payment for CEO grilled in AMA case
A former finance manager had taken the smash repair giant to court, alleging wrongful dismissal.
- Liam Walsh
BoQ’s Grimshaw back in Aussie finance as Humm CEO
Humm’s current chief executive Rebecca James is taking up a job in New Zealand.
- Liam Walsh
