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The Guardian - AU
The Guardian - AU
National
Elias Visontay

Australian CEOs made less in 2023-24 but still earned on average 50 times a typical worker’s wage

Australia Shemara Wikramanayake ACSI Macquarie Qantas
Shemara Wikramanayake
Shemara Wikramanayake, chief executive of the Macquarie Group, earned a reported $30.4m in 2023. Photograph: Bloomberg/Getty Images

Chief executives in Australia’s largest companies are making slightly less money but are still taking home on average 50 times the pay package of a typical worker.

In its annual audit of CEO pay, the Australian Council of Superannuation Investors found chief executives at the 100 largest listed businesses averaged $5m in the 2023 financial year, down from $5.2m the previous year.

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