The cycle that helps Goodman employees out-earn Macquarie by 2.3 times
Should the tide ever turn on logistics parks, data centres and Goodman Group’s incredible business, perhaps investors will look back and wonder whether they cut their Aussie champion a bit too much slack.
Goodman Group chief executive Greg Goodman is paid a lot. His base pay hasn’t changed in 15 years but in good years (most of the past decade) his performance payments make up for it.
His staff are paid well, too. Goodman Group’s average per employee expense was $794,000 last financial year. That’s 2.3-times Macquarie’s average (the company we like to call the Millionaire’s Factory) and as much as you’re likely to see on the ASX.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
