Fairfax boss Greg Hywood was paid as much as $7.2m in 2016
The Guardian |
11 May 2017
The Fairfax Media chief executive, Greg Hywood, was paid as much as $7.2m in 2016 – substantially more than the $2.74m reported by the company in its last executive pay rundown.
The gulf is explained by the company’s use of accounting standards to value a key part of his executive package – options, or the right buy shares at a predetermined price – at $1.1m without spelling out what he would really make.
Hywood was issued 8m options under an incentive package and had the right to a further 8m options that were not issued.
Read More: https://www.theguardian.com/media/2017/may/09/fairfax-boss-greg-hywood-paid-more-2016