The Courier-Mail

Aussie CEO gets $100k each day

- Business · Australia News · Council · Australia · New Zealand · United States of America · United Kingdom · Ireland · Canada · CSL Limited · Clinuvel Pharmaceuticals (Australia)

AUS­TRALIA’S high­est-paid chief ex­ec­u­tive last fi­nan­cial year took home more than 420 times the national av­er­age salary, it has been re­vealed.

An­drew Barkla (in­set) from IDP Ed­u­ca­tion topped the 19th an­nual list from the Aus­tralian Coun­cil of Su­per­an­nu­a­tion In­vestors (ACSI), with a stun­ning $37.76m salary – the equiv­a­lent of $103,452 a day. His in­ter­na­tional ed­u­ca­tion or­gan­i­sa­tion of­fers stu­dent place­ment in Aus­tralia, New Zealand, the US, UK, Ire­land and Canada, and has a share price of $13.17.

Ac­cord­ing to the most re­cent fig­ures from the Aus­tralian Bureau of Statis­tics (ABS), the av­er­age weekly earn­ings for Aus­tralian adults who work full-time is $1634 – a fig­ure that equates to $84,968 per year.

“IDP Ed­u­ca­tion’s CEO, An­drew Barkla, be­came the high­est-paid CEO in the six years that this re­search has recorded re­alised re­mu­ner­a­tion in ASX200 com­pa­nies.”

His $37.76m pay was “largely the re­sult of the ex­er­cise of op­tions granted prior to the com­pany’s 2015 IPO”.

Paul Per­reault from CSL took out sec­ond place with a $30,526,634 salary, fol­lowed by Philippe Wol­gen from Clin­u­vel Phar­ma­ceu­ti­cals with $20,624,450.

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