Seven West Media CEO James Warbuton was paid $4,576,856 in 2022, according to statutory remuneration disclosures in the media group’s annual report.
Base pay was $1,326,432. The rest was mainly made up of short term incentives ($1,012,500) and performance rights ($2,187,019).
His cash payout was $2,389,837.
The overfall pay was about the same as the year before, $4,571,574.
Warburton this week announced results for the year to June, a 21% jump in revenue to $1.54 billion. Profit after tax, excluding significant items, was 60% higher at $200.76 million.
In the annual report, Kurt Burnette, chief revenue officer, was listed with statutory remuneration at $2,108,177, again roughly the same as 2021. His cash payout was $1,583,256.
The remuneration report: “Mr Warburton’s leadership has led to another strong set of financial and non-financial results, with the MD & CEO meeting and exceeding the stretch targets set by the board at the commencement of the financial year.”
While Warburton didn’t get much movement on his base pay, the board granted him 150% of his short term incentive, half in shares, half in cash.
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