CEOs of Australia’s top 20 companies given nine times the pay rise of full-time workers

Australia Institute urges 60% income tax on earnings above $1m a year

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The incumbent chief executives of Australia's top 20 companies enjoyed a pay rise averaging 17.16% over the past year, more than nine times the average raise received by ordinary full-time workers, data compiled by Guardian Australia reveals.

The NAB CEO, Ross McEwan, received the biggest pay rise in percentage terms among the group, with the total value of his remuneration rocketing almost 130% from $2.31m to $5.29m.