Revealed: Australia’s highest paid CEOs

by Chloe Taylor07 Sep 2015
An analysis by the Australian Council of Superannuation Investors (ACSI) has revealed this financial year’s highest earning CEOs.
 
The top earners raked in $70 million more than the numbers reported by their companies.
 
The annual CEO pay study uses the ASX200 index to calculate the total value of the remuneration received by the nation’s chief executives.
 
In 2014, the findings showed that the top ten CEO earnings came to a total of $99.63 million.
 
Taking the CEOs’ options and shares into account, the total cash and equity value rang in at $171.4 million.

The ten highest paid CEOs over the past year were:
 
  1. Chris Rex, Ramsay Health
Realised earnings: $30.8m
Reported earnings: $9.1m
 
  1. Peter and Steven Lowy, Westfield
Realised earnings: $24.4m
Reported earnings: $22.1m
 
  1. Louis Gries, James Hardie
Realised earnings: $20.8m
Reported earnings: $12.6
 
  1. Andrew Bassat, Seek
Realised earnings: $17.9m
Reported earnings: $4.2m
 
  1. Andrew Mackenzie, BHP Billiton
Realised earnings: $15.6m
Reported earnings: $7.8m
 
  1. Colin Goldschmidt, Sonic Healthcare
Realised earnings: $13.4m
Reported earnings: $3.8m
 
  1. Gail Kelly, Westpac
Realised earnings: $12.9m
Reported earnings: $11m
 
  1. Ken MacKenzie, Amcor
Realised earnings: $12.7m
Reported earnings: $8.4m
 
  1. Mike Wilkins, IAG
Realised earnings: $11.5m
Reported earnings: $7.5m
 
  1. Nicholas Moore, Macquarie Group
Realised earnings: $11.4m
Reported earnings: $13.1m

Reported pay is the total expense to the company while the realised pay is the reward received by the individual, which can include additional payouts from perks such as increased share value. 
 
Louise Davidson, CEO of the Australian Council of Superannuation Investors, told Business Insider that the figures suggested requirements around reporting executive pay significantly plays down the remuneration being paid.
 
“Statutory reporting is, perhaps, disclosing only the tip of the iceberg in terms of the wealth accruing to senior executives,” she said.
 
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COMMENTS

  • by 7/09/2015 4:26:28 PM

    Not too many ladies in the mix!

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