News Corp’s CEO Robert Thomson is the highest paid chief executive of an ASX-listed company, raking in almost $42 million last year.
He earned $41,877,137 in "realised pay" in FY24, a $300,000 rise compared with the previous year, according analysis by the Australian Council of Superannuation Investors (ACSI).
"Realised pay" is calculated as excluding share-based payments expense but including the value of any equity that vested during the reporting year.
Thomson has been a journalist since 1979, when he joined The Herald in Melbourne, working as a copyboy and a finance and general affairs reporter.
He was appointed to his current role in January 2013, having served as editor-in-chief of Dow Jones & Company, managing editor of The Wall Street Journal and the editor of The Times of London.
CEOs of ASX-listed companies are still being paid 55 times more than average workers in Australia.
The Australian Council of Superannuation Investors calculates the median realised CEO pay in the ASX100 was $4.15 million last year.
Termination payments were at their lowest level in 15 years, dropping to $8.38 million from $33.52 million the year prior.
The median realised CEO pay in the ASX100 was $4.15 million compared to $3.96 million in FY14.
The median bonus was paid at just under 66% of maximum. Only five of the eligible 142 CEOs received zero.
Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at adnews@yaffa.com.au
Sign up to the AdNews newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day.