New data submitted to Federal Parliament shows NBN Co. really splashed out on the Chrissy bonuses last year, paying out close to $78 million to 3,800 staffers, including eight executives who took home average bonuses of $440,988, of the equivalent of 88 Cartier watches each.
Chief Executive Stephen Rue, who earns over $3 million, was rewarded with a tax-funder bonus of $1.2 million (I’ll let you do the Cartier maths for that one), while a sliding scale shows that:
- 2865 staff on salaries between $100,000 – 200,000 received bonuses of $13,156 each.
- 635 staff on salaries between $200,000 – $300,000 received bonuses of $35,000 each; seven Cartier watches each, as Labor pointed out.
- 20 staffers earning between $400,000 to $500,000 received bonuses of $152,000 each.
- Six staff earning between $500,000 to $600,000 received bonuses of $200,000.
- Eight staff earning over $600,000 received bonuses of $440,988.
“NBN executives wallow in $77 million in bonuses during a pandemic – much of which went to well-paid bosses on over $200,000 per annum. The CEO gets over $3 million a year,” Labor Senator Kimberley Kitching said.
“Scott Morrison’s NBN is rotten like the rest of his government. Customers, taxpayers and workers are given a terrible deal while a chosen few at the top of NBN Co are making out like bandits.”
NBN Co meanwhile claim the hefty bonuses “aligned with market practice.”
