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



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