Executive pay: top bosses scoop average of $5.7m a year as bonus boom keeps on giving | Business | The Guardian

Chief executives are more likely to get fired than be denied bonuses for supposedly exceptional performance, an investor group says

Domino’s Pizza boss Don Meij was the third highest-paid chief executive in Australia on $21m, a “remarkable” result given his reported salary was $4m, the report said.

Meij’s windfall came from cashing in options on the back of a share price surge that came to a screaming halt this month when Domino’s missed profit targets, and following months of publicity about problems in its franchises including claims of multimillion-dollar underpayments.

The averaged “realised” pay among ASX 100 chief executives in 2016 was $5.7m, which was 93 times the average Australian earnings as of last November.

Source: Executive pay: top bosses scoop average of $5.7m a year as bonus boom keeps on giving | Business | The Guardian