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AUSTRALIA'S LEIGHTON CEO GETS US$2.24 MLN FY PACKAGE.
MELBOURNE, Oct 1 Asia Pulse - Leighton Holdings Ltd (ASX:LEI) chief executive Wal King is one of the growing list of corporate fat cats whose pay packets are orbiting in the multi-million dollar range.
The construction giant's annual report out today showed Mr King received a remuneration package of $A4.14 million ($US2.24 million) in 2001/02 which includes his base salary of $A1.9 million ($US1.03 million), $A1.95 million ($US1.06 million) in bonuses and $A281,000 ($US152,077.2) in superannuation.
In addition, a deferred incentive of $A4.9 million ($US2.65 million) is waiting for him in a deferred bonus account which will be paid when certain hurdles are met.
The salary makes him one of the best paid executives in Australia.
Last week it was revealed Commonwealth Bank of Australia Ltd chief executive David Murray had a package of almost $A7 million ($US3.79 million) in 2001/02, including a special $A4.65 million ($US2.52 million) bonus for clocking up a decade's service.
And it emerged today that Coles Myer chief executive John Fletcher received a $A7.7 million ($US4.17 million) golden handshake from his previous employer, Brambles Industries Ltd.
The Brambles 2001/02 annual report also shows Mr Fletcher pocketed ...
- Australia : Leighton looks to infrastructure to boost profit.
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...Holdings Ltd (ASX:LEI) chief executive Wal King was defending his annual...You name me one American chief executive that's stayed in Australia...former Telstra (ASX:TLS) chief executive Sol Trujillo, a US citizen...
- JV OF AUSTRALIA'S LEIGHTON WINS CONTRACT TO BUILD DUBAI AIRPORT TERMINAL.
- News wire article from: AsiaPulse News December 8, 2008 700+ words
...partners a new terminal at Dubai Airport. Leighton chief executive Wal King on Sunday also said the Middle East would need...billion dirham, about A$2 billion," Leighton chief executive Wal King told Sky News on Sunday. The win comes after...
- AUSTRALIAN CONSTRUCTION GIANTS FACE CHALLENGING 2009.
- News wire article from: AsiaPulse News December 29, 2008 700+ words
...its production plants there. Chief executive Louis Gries told the market...throughout 2008. However, chief executive Rod Pearse remains optimistic...developer and contractor. Chief executive Wal King has been talking up the company...
- BUSINESS IN ASIA TODAY - APRIL 16, 2009.
- News wire article from: AsiaPulse News April 16, 2009 700+ words
...terminal 3 and Concourse 2. Leighton Holdings chief executive Wal King recently admitted Dubai's construction boom had...which runs a separate on-line mall, and its chief executive officer, the sources said. It marks the largest...
- BRIEFING - ASIA REAL ESTATE - SEPT 3, 2008.
- News wire article from: AsiaPulse News September 3, 2008 700+ words
...LEIGHTON SYDNEY - Leighton Holdings Ltd (ASX:LEI) chief executive Wal King says wealthy Middle Eastern countries had become...SYDNEY - Outgoing Lend Lease Corp Ltd (ASX:LLC) chief executive Greg Clarke says the cut to interest rates today...
- BRIEFING - ASIA INFRASTRUCTURE - JAN 6, 2009.
- News wire article from: AsiaPulse News January 6, 2009 700+ words
...proceed with its priority projects, president and chief executive officer Paul Aquino said in a statement on Monday...downs of A$200 million (US$143.5 million). Chief executive Wal King said that by December 31, 2008, the value of...
- AUSTRALIA'S LEIGHTON RIDING WAVE OF MINING, INFRASTRUCTURE BOOM.
- News wire article from: AsiaPulse News May 25, 2007 700+ words
...contracts keep piling up on its door step. Deputy chief executive and chief financial officer Dieter Adamsas says...around the place." The 64-year-old deputy to chief executive Wal King and who retires in June after a 36-year career...