Minding our own business on executive pay

The Financial Review’s survey of executive pay makes interesting reading again this year. One of the most notable things to come out of it is that for the first time in a decade none of Australia’s CEOs made more than $10m. But there were a few that came mighty close, with ANZ's Mike Smith, Westpac's Gail Kelly, BHP's Marius Kloppers and James Hardie's Louis Gries all bagging more than $9m and another seven making more than $8m. All smiles for Mike Smith, but his real value to ANZ shareholders won't be known for years. But while the ‘two strikes’ rule...

The Financial Review’s survey of executive pay makes interesting reading again this year. One of the most notable things to come out of it is that for the first time in a decade none of Australia’s CEOs made more than $10m.

But there were a few that came mighty close, with ANZ's Mike Smith, Westpac's Gail Kelly, BHP's Marius Kloppers and James Hardie's Louis Gries all bagging more than $9m and another seven making more than $8m.

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