Good morning. Massive pay rises awarded to the CEOs of major Australian corporations this year have led to calls to tax the wealthiest more in order to address inequality. The governor general delayed giving Scott Morrison additional ministries in 2021, FoI documents show. And Greens senator Mehreen Faruqi is considering an official complaint against Pauline Hanson.
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. Economist Richard Denniss said the government should introduce a 60% income tax on earnings above $1m a year.
