A study of major companies listed on the Australian Stock Exchange reveals that CEO salaries have doubled over the past decade, while the share value of the companies they chair has risen by just 31 per cent.
The report by the Australian Council of Superannuation Investors on ASX100 companies reveals that in 2010 the average revenue of a CEO was A$4,9 million (€3,7 million), up slightly from to 2009 and 9,3% higher than the 2006 average. The study also shows that chief executives were hit by the economic downturn between 2009 and 2010, during which time their average revenue fell 4,4% , but the decade calculation reveals that the 133% increase in their salaries and 190% in bonuses far outpaces the average increase in Australian workers' income (53%) and inflation (28,6%). These data fuel the controversy over the overpayments of managers in the oceanic country, in a period of economic and financial crisis.
http://www.theage.com.au/business/ceo-pay-doubles-in-decade-20110904-1jscz.html
