Companies on JobKeeper paying executives millions in bonuses
If a company is receiving JobKeeper payments, should its CEO be paid a hefty bonus?
Analysis from corporate governance consultancy Ownership Matters revealed at least 25 companies in the ASX300 have paid out more than $24 million in bonuses to CEOs and other executives after claiming JobKeeper subsidies.
The analysis calls into question whether the $90 billion scheme had sufficient checks and balances built-in.
Labor’s Andrew Leigh says none of this passes the sniff test.
“It’s called JobKeeper, not bonus keeper, not dividend keeper,” Dr Leigh told Brooke Corte.
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