Bonuses of $8.7m will boost the pay of the chief executive who quit the business over a row with the government about his remunerationThe outgoing head of Australia Post, Ahmed Fahour, will get more than $8.7m in bonuses, raising his final take-home pay to $10.8m this year. Fahour’s pay would have nudged him close to the top 10 of best-paid Australian chief executives, according to figures released on Thursday by the Australian Council of Superannuation Investors. Fahour quit the post in February after a dispute with the Turnbull government over his 2016 remuneration package of $5.6m. Executive pay: top bosses scoop average of $5.7m a year as bonus boom keeps on giving Read moreMalcolm Turnbull said before Fahour’s departure his pay was “way too much”. Former Blackmores chief executive Christine Holgate has agreed to become Fahour’s permanent replacement.

Source: The Guardian August 25, 2017 00:11 UTC