New Zealand Herald: Chief executives at New Zealand’s biggest companies got a pay rise of 3.3 per cent last year – the lowest increase since 2011.
The Business Herald’s annual CEO pay survey reveals that chief executive pay for the 2016 financial year averaged $1,732,802, up 3.34 per cent from $1,676,757 the previous year. In the survey’s 12-year history, the lowest CEO pay increase was recorded at just 0.4 per cent in 2011.
Simon Monks, managing partner of Caldwell Partners, has seen the same trend.
“The last couple of years has been good for New Zealand business,” says Monks. “If you look at the way the economy is performing, and when you look around the world – and this is part of the reason why New Zealand executives are returning – it isn’t a bad place to be.”
