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MAKING NEWS
Fri, 06 March 2009
Murdoch tops CEO pay packets
News Corp chairman and chief executive Rupert Murdoch took home the largest salary among Australia's chief executives last year.
The Australian Financial Review today put Mr Murdoch, whose remuneration topped more than $US20.6 million ($A27 million), at the top of the chief executive salary list.
The figure includes a $US12.5 million ($A16.4 million) bonus and was up 46.5 per cent on his remuneration package of $US14.096 million ($A18.5 million) last year.
Mr Murdoch is followed by Westfield Holdings boss Frank Lowy, who took home $A14.6 million including a $A13.4 million bonus -- up 9.7 per cent on last year.
Qantas chief executive Geoff Dixon came ninth on the list, with a pay packet of almost $A6.1 million, a figure which included $A946,907 in accrued equity benefits as well as post-employment benefits worth $A1.55 million. His package was up 163.8 per cent on last year.
The average total remuneration for the country's highest paid, including the value of share options packages, was $A1.7 million - up from $A1.35 million last year, the newspaper said.
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AdvertisementMore than one third of the 100 highest paid received a bonus of more than $1 million.
Underpinning the 29 per cent pay rise for the top executives were the best company profits in more than a decade.
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