Figures reveal that chief executive pay in Australia has reached record levels for the ASX 100.
Australian Stock Exchange. Photo: Shutterstock
Chief executive pay in Australian has hit "record highs", according to research which found that pay for CEOs in the ASX 100 rose by 12.4% in 2017.
Median pay for an ASX 100 chief executive is now AUD$4.36m (€2.76m). The claim of record figures was underpinned by a 22.1% hike in median pay to AUD$1.76m for CEOs in the ASX 101-200.
Louise Davidson, chief executive of the Australian Council of Superannuation Investors (ASCI), the researchers behind the numbers, said they were bad news.
"At a time when public trust in business is at a low ebb and wages growth is weak, board decisions to pay large bonuses just for hitting budget target
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