Pay for Australian CEOs is down, but it's still too high

By Malcolm Maiden
Updated September 18 2014 - 4:13pm, first published 6:09am
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR
Average CEO statutory pay leapt to 81 times average earnings in 2006 and in 2007. As the boom peaked, it hit $5.54 million, 94 times average earnings. Photo: AFR