The most recent CEO pay report from the Australian Council of Superannuation Investors demonstrates Australia’s company bosses are receiving the highest wages in 17 years.
Meanwhile, average wage growth is stagnant at 2.1 percent with the wage price index showing the growth is struggling to keep up with inflation.
The peak in CEO pay is being attributed to continually escalating bonus payments, with one in three ASX100 CEOs receiving 80 percent of their maximum bonus.