While Hamish McLennan may left Ten on an upwards trajectory, his exit certainly didn’t do his personal finances any harm.
McLennan: Exited Ten with $8m in 2015
Numbers released by Ten today reveal that McLennan received a total of more than $2.4m in termination benefits. On top of his normal salary and benefits, the 2015 financial year saw McLennan clock up a total of $8,040,923 – well up on the previous year’s package of $2.5m.
It wasn’t too bad a year for Hamish’s successor as CEO Paul Anderson either. The network’s former chief operating officer trousered $1.7m, up from $1.1m.
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And the success of programming boss Beverley McGarvey was also rewarded, with a cash bonus of $112,500 topping up her package to nearly $1.2m.
Ten’s key executives’ benefits (click to enlarge)
The TV industry certainly likes to reward its winners.