The incumbent chief executives of Australia’s top 20 companies enjoyed a pay rise averaging 17.16% over the past year, more than nine times the average raise received by ordinary full-time workers, data compiled by Guardian Australia reveals.
The NAB CEO, Ross McEwan, received the biggest pay rise in percentage terms among the group, with the total value of his remuneration rocketing almost 130% from $2.31m to $5.29m. NAB said McEwan was only in the job for 10 months in the previous year, when he also voluntarily took a pay cut and no bonus due to the Covid-19 pandemic.
