Craig Hutchison’s Crocmedia publishes salaries of key executives
CRAIG Hutchison’s Crocmedia empire has published the salaries of all its key executives, revealing just how much the media king earns each year — including his potential bonus.
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CRAIG HUTCHISON’S Crocmedia empire has published the salaries of all its key executives. Awks!
A document posted on the Australian Stock Exchange website, probably by accident, reveals Hutchison’s salary, including a potential $61,000 bonus, as an eye-watering $944,752.
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The document has been doing the rounds for about a week, landing on Page 13’s desk last night.
It says axed AFL executive Richard Simkiss, thrown a career lifeline by Crocmedia last December, is being paid $390,000 as the company’s new group business director.
The former AFL general manager of commercial operations was forced to resign last July over an inappropriate relationship with a young female AFL staff member.
Former Footy Show and Channel 9 programming boss Tim Cleary, who also joined the crocodile farm late last year, is listed to take home $410,000.
The document states Croc’s executive director Chris Giannopoulos, head of the Bravo Management arm, is on a base salary of $430,000 plus an “ongoing bonus potential” of $50,000.
The salaries of Croc’s top 20 executives were made public after the company published their “remuneration and benefits schedule” in a 360-page submission posted on the ASX website. They have since been removed.
Crocmedia took control of Melbourne sports radio station SEN late last year after a merger with Pacific Star Network.
But not everyone at Croc is rolling in the cash. The documents reveal two gun radio producers Julian Bayard ($100,950) and Tristan Foenander ($125,950) are among the lowest paid senior staffers.
Meanwhile, dumped SEN duo David Schwarz and Mark Allen will resurface on Monday as hosts of a new drivetime program on Macquarie Sports Radio on the AM band of 1278.
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