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Wesfarmers sends a strong signal on excessive CEO pay

Chanticleer is Australia's pre-eminent business column.

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Wesfarmers chairman Michael Chaney has sent a strong signal to all his compatriots running Australian boards that over-the-top pay packets are no longer acceptable.

But the latest pay cuts at the country's largest employer will not go far enough for those who believe the country's business elites are out of touch.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
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    Original URL: https://www.afr.com/brand/chanticleer/wesfarmers-sends-a-strong-signal-on-excessive-ceo-pay-20170529-gwf7pa