Telstra considers executive pay overhaul after investors' first strike against board

Chairman John Mullen admits executive salaries are too high ‘across the board’

Telstra is considering an overhaul of how it calculates executive bonuses after suffering a first strike from shareholders opposed to its remuneration report.

More than 60% of investors voted against the telco’s remuneration report at Tuesday’s annual general meeting, raising the prospect of a board spill in 12 months if it doesn’t address widespread unhappiness among shareholders.

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from The Guardian https://ift.tt/2RTalOC
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