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Goodman suffers first strike against pay despite 75pc return

Goodman chief executive Greg Goodman has shrugged off a first strike against the industrial property giant’s remuneration report, telling The Australian Financial Review his focus was on growing the company through large infrastructure projects including a big pipeline of data centres.

More than a third of shareholders voted against the company’s pay plan – the fifth time since 2016 it has suffered a strike – after proxy advisers said hurdles to awarding over $500 million in share options to employees as part of a long-term incentive plan were “insufficiently challenging”.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/property/commercial/goodman-suffers-first-strike-against-pay-despite-75pc-return-20241114-p5kqiv