Title Is anyone worth $37 million? Why are CEOs paid so well? Degree of recognition National Media name/outlet Canberra Times Media type Country Australia Date 24/08/20 Description Elizabeth Sheedy
THE annual chief executive pay report produced by the Australian Council of Superannuation Investors is a must-read for shareholders and members of superannuation funds.
The latest report, relating to the financial year that ended in 2019, revealed a record for the money actually paid in one
year, so-called realised remuneration, of AU$37.7 million. The extraordinary sum went to Andrew Barkla, the chief executive of a little-known company, IDP Education. He beat the previous record set by the chief executive of Domino's Pizza Don Meij who took home $36.84 million in 2017. Paul Perreault from CSL took out second place with realised pay of $30.5 million, followed by Philippe Wolgen from Clinuvel Pharmaceuticals with $20.6 million and Michael Clarke from Treasury Wine Estates
with $19.9 million. IDP Education is part-owned by
Australia's universities and matches students with places in the major English-speaking nations of Australia, Canada,
Ireland, New Zealand, United Kingdom and United States. Mr Barkla's payment was largely the result of the exercise of share options granted prior to the company's share market listing
Producer/Author Andrew Barkla URL readnow.isentia.com/Temp/76455-25723026/1321753008.pdf Persons Elizabeth Sheedy