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Executive pay

September

Vanguard’s John Galloway, whose team has more input into company votes than just about any investor globally, including in Australia.

Big AGM voter Vanguard ready to wield its proxies to challenge boards

One of the biggest voices at the upcoming AGM season outlines its thinking: don’t expect ideological stances, but do expect a strict focus on skills and pay.

  • Anthony Macdonald
Qantas chief executive Vanessa Hudson.

Qantas executive pay falls 40pc, Alan Joyce pockets $3m

The airline has changed the way it pays and claws back bonuses after a stinging rebuke of its remuneration report from shareholders.

  • Ayesha de Kretser

August

Former Qantas chief executive Alan Joyce will have more than $9 million docked from his pay.

Qantas board failed to challenge Joyce’s ‘command and control’

Qantas’ incoming chairman John Mullen said bonus practices at the airline had been problematic as the board was unable to override “the formulaic results of a compensation scheme” if there was a major scandal.

  • Updated
  • Ayesha de Kretser and James Thomson

July

Australia’s highest-paid CEOs include Greg Goodman (Goodman Group), Shemara Wikramanayake (Macquarie), Mike Henry (BHP), and Matt Comyn (CBA).

Who are the highest paid ASX 200 CEOs?

New research shows that ASX 100 CEOs earn on average 50 times more than the average Australian adult.

  • Hannah Wootton

June

Corporate Travel Management boss Jamie Pherous.

Corporate Travel boss lends to exec he once gave $13m in shares to

Jamie Pherous had previously transferred stock to the company’s former executive director for no consideration to help with her “health challenges”.

  • Liam Walsh
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Steve McCann left Crown Resorts in better shape than he found it. Now he is up for a new challenge.

Star pays through the nose for a bit of McCann magic

The gaming group’s new boss held all the cards in negotiating his arrival. Now shareholders need him to negotiate as effectively on their behalf.

  • Anthony Macdonald
More than 50 per cent of ASX200 companies have factored climate change into short or long-term incentive structures, up from only 10 per cent in FY20.

CEO pay goes green, but details lacking on performance measures

It’s one thing to set CEO remuneration based on climate change goals; it’s another to be able to properly measure them.

  • Anthony Macdonald
Elon Musk at Tesla’s annual general meeting.

Tesla shareholders approve Musk’s $72b pay package

The shareholder vote is a major win for the Tesla chief executive as he seeks to reassert control over the company.

  • Jack Ewing and Peter Eavis
Elon Musk

Musk says shareholders approving his $75b pay package

It’s D-Day for the Tesla CEO as shareholders vote on his controversial pay package – with major implications for the billionaire and his company.

  • Updated
  • Trisha Thadani

May

Tesla chairwoman Robyn Denholm told shareholders they should endorse Elon Musk’s pay award.

Tesla slams Glass Lewis after report on Musk mega pay deal

The electric vehicle maker has hit back at the proxy adviser and is urging investors to back Musk’s mega pay deal.

  • Nick Bonyhady
Raj Naran, agreed to relinquish long-term bonus incentives.

ALS CEO gave up $6m bonus after backlash

The former chief executive relinquished up to $6 million in potential bonuses following a shareholder backlash against pay at the Brisbane-based testing giant.

  • Liam Walsh
X owner Elon Musk.

Tesla shareholder group slams Elon Musk’s $84b pay package

A coalition of Tesla shareholders that hold a small portion of Tesla stock said Musk is distracted by his commitments to the five other companies he controls.

  • Dana Hull
Rio Tinto boss Jakob Stausholm is feeling like Rio is putting its recent history behind it.

How Rio Tinto executives can get paid more this year

Rio Tinto has made a step-change to executive remuneration. Bonus payments could increase materially, but not for the usual reasons.

  • Updated
  • Anthony Macdonald
Former Macquarie executive Nick O’Kane.

Once Macquarie’s $58m man, Nick O’Kane’s pay fell to $1m

Once the financial conglomerate’s highest-paid executive, Mr O’Kane resigned in March so was not eligible for the lucrative profit share bonuses.

  • Lucas Baird

April

Harvey Schwartz, chief executive officer of Carlyle Group, now out earns his former Goldman Sachs colleague David Solomon.

Investment banks no longer the best way to earn $1b

The likes of Goldman Sachs may have the popular reputation for rich rewards, but there’s far more money to be made in the upper rungs of big buy-side shops.

  • Updated
  • Sridhar Natarajan and Dawn Lim
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Rio Tinto chairman Dominic Barton

Rio Tinto to set nature targets ahead of massive Guinea project

The mining giant’s sustainability credentials have been in question. But chairman Dominic Barton says it is focused on standards in developing nations.

  • Peter Ker

February

GM

Why Corrs CEO Gavin MacLaren has a target on his back

Gavin MacLaren has become the best-known law firm leader in the land. And that’s not a good thing.

  • Michael Pelly
Stephen Schwarzman.

Blackstone CEO Schwarzman collected $1.4b last year

Steve Schwarzman lived up to his reputation as a big earner, taking home $US896.7 million last year, including dividends.

  • Dawn Lim
Greg Ward, head of Macquarie’s banking and financial services division, which wants to take more market share from major lenders.

Macquarie’s war on big four escalates with business lending assault

Macquarie said it had appetite to deploy its retail banking technology into the business market to grow deposits and lending against CBA and NAB.

  • Updated
  • James Eyers
ARK Invest CEO Cathie Wood has defended Tesla’s pay deal with Elon Musk.

‘Travesty’: Cathie Wood blasts court criticism of Denholm

The investor called the Tesla chairwoman a “professional of unquestionable integrity” after she was excoriated in a court judgment over Elon Musk’s pay.

  • Nick Bonyhady

Original URL: https://www.afr.com/topic/executive-pay-1mql