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Macquarie chief among top-paid ASX bosses By Sarah Simpkins 14 July 2021
Macquarie boss Shemara Wikramanayake pocketed the fourth-largest pay packet among ASX 200 chiefs in the 2020 financial year, according to new analysis.
New research from the Australian Council of Superannuation Investors (ACSI) has calculated “realised pay” for ASX 200 chief executives, which includes the value of cash and equity actually received, rather than the accounting valuations reported in the companies’ annual reports.
Median realised pay for ASX 100 CEOs had slipped by 3.6 per cent year-on-year to $3.9 million in FY20. For CEOs outside the top 100, it plunged by 22 per cent to below $1.7 million.
Ms Wikramanayake was fourth for highest-paid ASX 200 CEOs on a realised-pay basis, with a calculated total of $16.3 million.
NSW CORONAVIRUS COVID19 - AAP 5370537724001
Business confidence and conditions both took a hit in June in response to a series of virus-related lockdowns, pulling back from recent record highs.
The National Australia Bank monthly business survey captured the early stages of the Greater Sydney lockdown, as well as the snap restrictions in Brisbane, Darwin and Perth.
Business conditions fell by 12 points to an index of 24 points in June after reaching a record high in May.
Business confidence also declined nine points in June, to 11 index points. Though confidence has declined by 13 points over the past two months, it remains around twice its long-run average, NAB chief economist Alan Oster said.
Ian Silk to leave AustralianSuper after 15 years
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Industry superannuation doyen Ian Silk has stepped down as chief executive of Australiaâs largest pension fund after 15 years at the helm, to be replaced by former union boss Paul Schroder.
AustralianSuper chairman Don Russell said Mr Silk had discussed the possibility of leaving the mega-fund over several months and worked with the board on a succession plan and review of external candidates before landing on the insider Mr Schroder.
Ian Silk will leave AustralianSuper. Â
Wayne Taylor
Mr Silk, who serves as chairman of the Australian Council of Superannuation Investors and is arguably the $800 billion industry super fund sectorâs most prominent executive, presided over the fundâs growth from $21 billion to more than $220 billion in assets under management.
A potential lengthy lockdown and record levels of virus cases appear to not be enough to dent the mood of Sydneysiders for too long.
The weekly ANZ-Roy Morgan consumer confidence index rose two per cent nationally, partially recovering the 3.9 per cent drop of the previous week.
Confidence in Sydney jumped 3.7 per cent.
ANZ head of Australian economics David Plank noted the overall positive result also came after Brisbane, Perth and Darwin emerged from their lockdowns.
The weekly ANZ-Roy Morgan consumer confidence index rose 3.7 per cent in Sydney despite the lockdown as shoppers are unfazed
The positive result is good news for retailers and comes ahead of an expected additional support package from the federal and NSW governments to assist business and workers.