| More protests over media CEO pay |
| Tuesday, 18 November 2008 | |
|
TEN Network executive chairman Nick Falloon
has become the latest executive to earn a massive salary hike despite a
plummeting share price, earning a $2.4million boost to his full-year
package.
Mr Falloon's total pay grew to $5.8million in the year to August: a 70 per cent rise on the $3.4million he received a year earlier, according to Ten's annual report, which was released yesterday. And Mr Falloon's No2 at Ten, television boss Grant Blackley, was granted a 64per cent pay rise to almost $2million, after large hikes in both his base salary and cash bonus, The Australian reports. The rises are likely to prompt objections among shareholders at the
company's annual general meeting next month, after protest votes were
registered against the remuneration reports of Wesfarmers and Fairfax Media at AGMs in recent days. Read more |



















