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Joe Aston

Corporate Travel's Jamie Pherous, the boy who cried poor

We have to hand it to Corporate Travel Management founder Jamie Pherous, who last week managed to raise $375 million of fresh capital for an acquisition he wouldn’t contribute $1 of his own money to.

“I’m the lowest paid CEO in the ASX 200 I believe, or maybe I’m 199,” Pherous told an investor call on Tuesday. “I do that for shareholders and I rely on dividends for my income.” This echoes the September 2019 comments of his incoming chairman, Ewen Crouch, that Pherous “does not want to take a large salary”.

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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

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    Original URL: https://www.afr.com/rear-window/corporate-travel-s-jamie-pherous-the-boy-who-cried-poor-20201004-p561u1