Telstra boss Thodey well worth his $27m

Outgoing Telstra (ASX: TLS) chief executive David Thodey may not be prepared to defend his salary, but I’ll give it a go.Thodey, who finished up at the telco yesterday earned $27m in cash and shares in the three years to July 2014, or about $9m a year. That works out at 64 times Telstra’s average pay of $140,000*, so you can see why he doesn’t want to get into it – particularly since he’s known for not being flashy and apparently still drives a Toyota Corolla.Mind you, I don’t see him giving any of it back, and nor should he...

Outgoing Telstra (ASX: TLS) chief executive David Thodey may not be prepared to defend his salary, but I’ll give it a go.

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