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Thodey Banks A Cool $14 Million

Thodey Banks A Cool $14 Million

This included $7.5 million in long-term incentives, fixed remuneration of $2.65 million and short-term incentives of $4.3 million.

His replacement Andy Penn, who was previously CFO, scored $4.08 million.

Observers have noted that during Thodey’s tenure, Telstra shares have more than doubled to hit 13-year highs.

Thodey is now chairman of the CSIRO research group’s board (CDN, Aug. 7) where his remuneration will be rather less: the position carries an annual payment of $108.000 – but presumably some other directorships may beckon.