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Fairfax boss Greg Hywood was paid as much as $7.2m in 2016

The Guardian  |  11 May 2017  |  Investing


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.

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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

 

 

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