Ruslan Kogan, boss of the $960 million online retailer Kogan, scored last year’s biggest pay rise, an increase of $8.4 million, swelling his pay packet to $9 million and rocketing him up the ranks to become the country’s sixth-highest-paid chief executive.

The pay rise triggered a 42 per cent protest vote and ‘second strike’ at Thursday’s shareholder meeting. Chairman Greg Ridder said he was “delighted” if Kogan was “well rewarded” because that meant “shareholders will be well remunerated”, after the share price rose from less than $5 last year to close to $25 but has since fallen to less than $9.