Ever wondered what the bosses of Flight Centre, Helloworld, Corporate Travel Management, or Air New Zealand, earn?
Today, you’re in luck.
Each of these companies had their financial results come out recently, and with each of these businesses making a pretty profit, we thought we’d take a peek at the CEO salaries as well.
Almost all industry CEOs operate with a base fixed salary, that’s added to with both short and long-term incentives. However if they don’t hit their targets, these fixed wages is where the dollars stop.
Let’s dive in.
Corporate Travel Management
Jamie Pherous, Managing Director
Fixed Salary: $448,221
Incentives: $225,000 in short-term
Total: $679,319
2016 total: $715,447
Laura Ruffles, CEO AU/NZ
Fixed Salary: $538,462
Incentives: $360,000 in short-term & $185,623 in long-term*
Total: $1,167,589
2016 total: $1,008,345
Flight Centre Travel Group
Graham ‘Skroo’ Turner, Managing Director & CEO
Fixed Salary: $380,384
Incentives: $275,000
Total: $646,936 (excludes long service leave)
2016 total: $637,100
Bonus fact: Skroo earns the bulk of his remuneration in shares – over 15 million shares in total into Flight Centre, which will see him pocket $14.3 million when the final dividend is paid.
Helloworld Travel Limited
Andrew Burnes, CEO & Managing Director
Fixed salary: $455,384
Incentives: $-
Total: $482,392
2016 total: $214,083 (started February 2016)
Cinzia Burnes, Wholesale & Inbound and Executive Director
Fixed salary: $455,384
Incentives: $-
Total: $482,392
2016 total: $214,083 (started February 2016)
Bonus fact: Mr and Mrs Burnes both have investments into Helloworld shares, similar to Skroo, and in addition to individual shares, both have a beneficial interest into nearly 18.5 million fully paid ordinary shares. As of June 30 2017, the final dividend per share was eight cents.
Air New Zealand
Christopher Luxon, CEO
Fixed salary: $1,510,000
Incentives: $1,464,969 in short-term (payable in 2018) + $830,500 + $735,000 in long-term*
Total: $4,540,469
2016 total: $4,595,500
*long-term incentives remain at risk, given the nature of the long-term performance targets and are payable on the provision long-term performance standards are reached.
