After Friday’s final avalanche of annual reports, we’re starting to get
picture of the enormous CEO salaries that are now being paid. The
following list only looks at the pay packets of CEOs whose companies
have a June 30 balance, so we’re not including the likes of Westfield’s
Frank Lowy ($13m) and Macquarie Bank’s Allan Moss ($18.5m).
Similarly, this list only looks at actual payments in the 2004-05
financial year, so David Murray’s $17 million golden goodbye from the
CBA last month is not included and Fred Hilmer’s $4.5 million
“retirement benefit” is also excluded because it falls in 2005-06.
However, Wal King’s $23 million long term bonus, announced with his new
contract in April, did make the grade:
So here it is, the top six CEO pay packets of 2004-05:
Wal King: Leighton Holdings, $35m
Rupert Murdoch: News Corp, $31m
Roger Corbett: Woolworths, $8.4m
Chip Goodyear: BHP Billiton, $6.4m
Michael Chaney: Wesfarmers, $6.12m
David Murray: CBA, $5.5m
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