Menu

Stories by Brian Corrigan and Rachael Bolton

CIO roles and salaries out of sync

Many chief information officers will remember 2009 as the year their pockets felt the pinch. Analysis by The Australian Financial Review found salary packages for senior IT executives were down as companies responded to tough trading conditions.
Metcash information chief Bernard Hale suffered the largest drop, down $514,656 to $1.5 million, or almost 35 per cent off his 2008 packet. Meanwhile Suncorp's Jeff Smith lost 50 per cent of his remuneration package to just over $790,000 and Alesco's Brian O'Connor saw his payout fall by more than 60 per cent to just over $310,000.

Written by Brian Corrigan and Rachael Bolton16 Nov. 09 22:00

Market Place