The pay of Australia’s chief executive officers has fallen for the first time in ten years, a new report shows.
The Hay Group report shows annual remuneration of our CEOs, including fixed pay and incentives declined by 6.8 percent in the 12 months to May, a sign of difficult times.
According to Hay Group head of executive reward consulting Trevor Warden, there is a strong link between reward for CEOs and company performance.
“Performance-based pay is a reality in difficult times and what goes up can also come down.”
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