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 the largest infrastructure projects in Australia’s history.