Nine’s David Gyngell the best paid boss of 2014 with package worth nearly $20m

david gyngellNine chief executive David Gyngell was the highest paid senior executive in Australia in 2014 with his $19.6m package more than $6m ahead of second place.

While his $2.6m wage was bettered by several other CEO’s, short and long term incentive payments of $5.16m and $11.55m respectively saw Gyngell’s total package comfortably outstrip his counterparts.

The Australian Financial Review’s annual salary survey showed the next highest paid boss was Kevin Chin, chief executive of investment group Arowana International, who took home $13.3m. Chin’s 2013 salary was listed as $30,000.

News Corp chief executive Robert Thomson came in third with a package worth $13.2m, a 353 per cent increase on 2013, more than $7m of his earnings arrived via a long term incentive payment.

Seven chief executive Tim Worner saw his total package fall four per cent to $3.5m, putting him in 72nd place, but Fairfax CEO Grey Hywood and Ten’s Hamish McLennan both enjoyed huge increases, with Hywood’s package rising 44 per cent to $2.86m and McLennan’s soaring 174 per cent to $2.46m. They finished 96th and 122nd respectively.

STW chief executive Michael Connaghan came in 243rd with his package salary dipping 28 per cent to $1.12m.


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