$1.1m package for APN Outdoor boss Richard Herring
The boss of APN Outdoor Richard Herring has been rewarded with a million dollar payday after delivering the company strong results since taking it onto the ASX
Richard Herring: Pay was worth $1.1m last year
Herring’s remuneration for the year was $1.143m, the company’s annual report – published this afternoon – reveals. His package included a base salary of $734,000 and super of $19,000. On top of that, Herring received a short term bonus of $231,000 and a long term incentive bonus worth $161,000.
I thought Super was 9.5%. With a base salary of $743,000 it should be at least $69,730 shouldn’t it?
That’s a good question Huh,
Those are the numbers given in the report but I’m afraid I don’t know the answer on why the super number is so low.
(Although I think the tax friendly status of the super stops at $35,000 anyway, doesn’t it?)
Cheers,
Tim – Mumbrella