CEOs at Australia’s biggest companies earn 55 times more than typical worker, report finds

Acsi says earnings at 100 largest listed firms show ‘more restraint’ but ‘everyone wins a prize’ attitude still prevails

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Chief executives at Australia’s biggest companies are earning 55 times more than a typical worker, according to the country’s biggest governance adviser.

CEO pay at the 100 largest listed firms averaged at $5.2m in the 2022 financial year, the Australian Council of Superannuation Investors (Acsi) said in a new report. The report found executive pay fell from 2021 levels, but noted that period had particularly high CEO pay rates.

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