It appears that taking a pay cut has become a preferred strategy to save money and sustain business operations.ĪCSI Executive Manager for Stewardship, Ed John said it was good to see more restraint on executive pay in Australian companies over the past year, but he said there was still an ‘everyone wins a prize’ attitude in some parts of the market. This downward trend in CEO pay suggests a shift in the pattern of new CEOs accepting lower salary levels than their predecessors. The median fixed pay for an ASX100 CEO in FY22 dropped to a meagre $1.74 million, the lowest level witnessed in the past decade.įurthermore, the median bonus outcome for ASX100 CEOs fell from the FY21 record of 76.7 per cent to 71 per cent. During FY11, ASX100 salaries reached their peak at $1.95 million.
The research uncovers a compelling trend: when comparing CEO pay over a 10-year period, the figures for FY22 were, in fact, nine per cent lower than those observed in FY11. The report focuses on the “realised pay,” which calculates the actual value of cash and equity received by CEOs, rather than relying solely on the statutory accounting valuations found in annual reports. Remarkably, despite the drop in average CEO pay, it still remains a staggering 55 times higher than average adult earnings.ĪCSI’s CEO Pay in ASX200 Companies report offers insights into the remuneration outcomes for the year 2022. The decline in pay packets for bosses of leading ASX-listed companies follows surges in 2021 due to the COVID-19 pandemic. The average realised pay for ASX100 CEOs has reached its lowest point in nine years, according to the 22 nd iteration of the Australian Council of Superannuation Investors (ACSI) research report. AZL Arizona Lithium (ASX:AZL) taps investors for $10m to advance Prairie lithium project.BVS Bravura Solutions (ASX:BVS) appoints Andrew Russell as Group CEO and Managing Director.UNT Unith (ASX:UNT) clocks 100,000 users for AI products 86pc jump in June quarter.1CG One Click Group (ASX:1CG) posts revenue of $545k in June quarter.DRE Dreadnought Resources (ASX:DRE) reports strong exploration progress at Mangaroon in Q4.
EMC RESEARCH SALARIES PLUS
0 kommentar(er)
