Telstra CEO gets $700,000 pay rise to $6.8m despite Australia-wide outage
Telco board cuts senior executive bonuses by total $1.3m after tech fail that affected millions Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Telstra has paid its chief executive, Vicki Brady, $6.8m for the year ending in June, after docking 20% of her bonus in response to the network’s nationwide outage in July. The company…
Telstra's chief executive, Vicki Brady, received a total pay of $6.8m for the year ending in June. This amount includes a $700,000 pay rise from the previous year's total of $6.1m. The pay rise comes despite a nationwide outage in July that affected millions of users.
The outage led to Telstra's board cutting senior executive bonuses by a total of $1.3m. Specifically, Brady's bonus was docked by $607,000, which represents a 20% reduction.
The company's financial results were reported on Thursday, following a board meeting on Monday that decided on the bonus cuts.
Brief written by urgent.news from The Guardian, The Guardian Australia — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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