Alumina: Still corporate Australia’s easiest gig

There’s a fish-in-a-barrel quality to criticising ceo pay. Most are so extraordinarily overpaid that an entire industry – remuneration consulting – has sprung up to justify it.Nevertheless, a few totemic pay cheques stand out. There’s Scott Charlton, Transurban (ASX:TCL) ceo, who earned almost $5m last year collecting road tolls, and the coterie of bank ceos, each of which earns tens of millions for running a government-mandated skimming operation.Against these examples Alumina (ASX:AWC) managing director and ceo Peter Wasow (total 2014 remuneration: $1.855m) might feel hard done by.He shouldn’t. Peter has one of the least demanding corporate gigs in the country and is...

There’s a fish-in-a-barrel quality to criticising ceo pay. Most are so extraordinarily overpaid that an entire industry – remuneration consulting – has sprung up to justify it.

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