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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

Macquarie’s famed pay packages under attack from disgruntled shareholders at AGM

Macquarie AGM Glenn Stevens Joe Longo Shemara Wikramanayake ASIC Macquarie Group Sydney
Macquarie CEO Shemara Wikramanayake
The Macquarie chief executive, Shemara Wikramanayake, earned $24m during the last 12-month reporting period, mostly consisting of bonuses, making her one of Australia’s highest paid executives. Photograph: Macquarie Group And Alice Boshell/Reuters

Macquarie Group has been stung by a shareholder backlash against its executive pay plans amid disquiet over a string of regulatory prosecutions.

Investors lodged votes against Macquarie’s remuneration plans in excess of 25%, in a major rebuke of the company’s famed pay packages, triggering a “first strike” at its annual general meeting in Sydney on Thursday.

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