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Executive pay

Yesterday

Bank of Queensland is in the middle of a multi-year strategic shift.

Confidential documents outline BoQ’s profit targets

If hit, the bank’s cash profit will be well above what the market expects this year. But analysts have warned it has a poor track record of meeting goals.

  • Lucas Baird

This Month

Our report reviewed the practices of 14 large Australian companies, each of whom are regarded as ‘high emitters’.

Linking executive pay to net zero is working – sort of

It’s encouraging to see this linkage increasingly happening, but there is still work to do when it comes to making sure such efforts are effective.

  • Zoe Whitton and Rebecca Mikula-Wright

November

BOQ plans to buy back its franchised branch network.

BoQ drops bonuses for juniors as senior staff seize the pie

While the bank’s most junior employees will no longer be eligible for a bonus, senior bankers and executives will share in a bigger award pool.

  • Lucas Baird
The federal government cannot cap vice chancellors salaries but governing councils should be more circumspect.

New watchdog won’t have power to rein in million-dollar uni salaries

Australian vice chancellors are the most highly paid in the world. But the federal government cannot set conditions on how much they earn.

  • Julie Hare
Goodman Group CEO Greg Goodman makes no apologies for paying based on performance.

The cycle that helps Goodman employees out-earn Macquarie by 2.3 times

Should the tide ever turn on logistics parks, data centres and Goodman Group’s incredible business, perhaps investors will wonder whether they cut it too much slack.

  • Anthony Macdonald
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Shayne Elliott presenting the bank’s financial results on Friday.

ANZ bond scandal hits Shayne Elliott’s bonus, with all staff at risk

The bank’s chief executive said there were clearly “morale” issues in the markets division at the centre of the trading allegations as executives took pay cuts.

  • Jonathan Shapiro, Lucas Baird and James Eyers

October

IFM Investors’ profits fell slightly last financial year but pay went up under chairwoman Cath Bowtell.

Exec pay at IFM Investors jumps 48pc despite profit fall

The infrastructure powerhouse also recorded broadly flat revenue last financial year, but its key management personnel salary bill still soared.

  • Hannah Wootton
The partnership of Paul Flynn (left) and Mark Vaile (right) has led Whitehaven Coal for 12 years.

Whitehaven accused of paying ‘overly generous’ bonuses

Whitehaven Coal and a big proxy adviser are at odds over a recommendation shareholders lob a second strike over executive pay.

  • Peter Ker
Top earners: Mark Delaney, Deanne Stewart, David Elia and John Pearce.

Big super’s executive gender pay gap revealed

Analysis by The Australian Financial Review also shows who the highest-paid superannuation bosses were last year.

  • Hannah Wootton

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
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
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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