Aussie CEO gets $100k each day
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.