Australian CEOs pocket 15% pay rises as average worker wages fail to match cost-of-living increases

Governance Institute report finds executive salary increases at some of the largest companies more than double rate of inflation

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Executives at some of Australia’s biggest companies recorded high double-digit pay rises over the past year, according to a new report, more than double the rate of inflation.

The release of the Governance Institute of Australia’s board and executive remuneration survey comes amid a debate over the impact of wages on inflation, which has largely focused on lower-paid workers receiving smaller increases.

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