New data shows pay packets at the top end of town grew by double digit figures in the last 12 months.
Base salaries for CEOs and managing directors in Australia grew by double digits in the last 12 months.
The CEOs of ASX-listed companies saw their base pay rise by an average of 14 per cent, while managing directors got an 11 per cent bump in their pay cheques, according to the figures crunched by McGuirk Management Consultants on behalf of GIA. Outside of the ASX200, CEOs in the information, media and technology sectors had the highest average fixed salaries, at nearly $1.05 million, followed by super funds .
Among the cohort surveyed, half of the CEOs and managing directors from listed companies were eligible for bonuses."We are in a global pool for talent in Australia, and it's important those companies get the best leadership."The double-digit growth in executive pay is in line with increases in recent years, as well as the performance of the ASX."They are eye-watering sums for average Australians.
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