Afterpay co-founders take home record $264m as Australian executive pay bounces back
by Ben Butler from on (#61B4N)
Amid sluggish wage growth, chief executive pay among the top 100 listed companies rises to about 100 times average adult earnings
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The two chief executives of buy now, pay later (BNPL) company Afterpay, Anthony Eisen and Nick Molnar, shared a record $264m pay packet last year as remuneration for Australia's top corporate brass rebounded following the Covid-19 pandemic.
Chief executive bonuses, which had been kept down amid market turmoil during lockdowns, rebounded from a record low of 31% of base pay in 2020 to a record high of 76.7% in 2021.
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