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NBN CEO Rakes In $3.6M

A senior executive at the NBN Co took home $1.8 million for six months work after securing a seven-figure termination bonus from the job he began in 2013.

NBN Co’s annual report highlighted, that its CEO Bill Morrow took home $3.6 million last financial year, including a $1.2 million bonus.

Morrow is now one of the highest paid public sector employees in Australia alongside Australia Post chief executive Ahmed Fahour, who earns about $4 million annually. He was appointed in April 2014 on an annual base salary of more than $2 million.

The report also reveals former COO Greg Adcock received a $1.5 million termination bonus when he left after less than two years into the job.

Altogether 15,000 people are working on the rollout of the new broadband network, one of┬áthe largest infrastructure projects in Australia’s history.

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