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Bonus millions for Premier's McInnes riles Labor

John Kehoe

Labor frontbencher Stephen Jones says executives at retail billionaire Solomon Lew's Premier Investments are "feathering their own nests" after the company paid multi-million dollar bonuses while receiving JobKeeper wage subsidies.

Premier Investments released its annual report after 5pm on Friday, slipped out with the revelation that chief executive Mark McInnes received $5.4 million in pay last financial year, including a $2.5 million bonus through short-term incentives.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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    Original URL: https://www.afr.com/politics/federal/bonus-millions-for-premier-s-mcinnes-riles-labor-20201025-p568b0