The document for Australian chief government pay has been smashed by the co-founders of Afterpay who took dwelling a mixed $264.2 million final monetary yr, new analysis on bonuses paid to prime ASX bosses reveals.
Anthony Eisen and Nick Molnar, the joint-CEOs of the purchase now, pay later firm, every pocketed greater than $100 million every and had been the standouts within the Australian Council of Superannuation Buyers (ACSI) annual survey of CEO pay for the 2021 monetary yr, printed at this time.
The median realised pay for ASX 100 CEOs elevated to $9.15 million in 2021, up from $5.85 million in 2020, the research discovered.
Different extremely paid CEOs included CSL boss Paul Perreault ($58.9 million), Macquarie's CEO Shemara Wikramanayake ($14.7 million) and Woolworths chief Brad Banducci ($11.8 million).
Eisen and Molnar clinched prime place after the pair exercised 1.5 million share choices which enabled the to buy these shares at simply $1 when the precise share value of Afterpay was close to $90.
In different discovering by ACSI, the typical bonus awarded to ASX100 chiefs has additionally hit a document $2.31million, breaking 2017's document of $2.30million.
Qantas CEO Alan Joyce was the one ASX100 chief government to not obtain a bonus in both the 2020 or 2021 monetary yr. He took dwelling $1.98 million.
However for a lot of Australian firms, multimillion-dollar bonuses for chief executives have made a comeback as firms start to part out short-term pay cuts introduced in throughout the COVID-19 pandemic, the research discovered.
"After their lowest yr on document, massive bonuses have returned, however they have not simply rebounded, they've hit new heights," Ed John, government supervisor, stewardship at ACSI mentioned.
"That is why traders, and ACSI, shall be scrutinising carefully the results-reporting season to see if this regarding development of bonus 'catch-up' continues. This yr's outcomes shall be judged in opposition to a backdrop of adverse monetary markets and an unsure financial outlook."
John mentioned CEO bonuses must be paid for excellent company efficiency.
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"Bonuses for CEOs should not be awarded for business-as-usual outcomes. Funds to senior executives must be aligned with worth created for shareholders and mirror true outperformance."