No cap for Telstra's Thodey

Kiwi CEO of Telstra earns two thirds of Sol Trujillo's base salary

Newly-appointed Telstra chief executive David Thodey, a New Zealander, will have to work harder than his predecessor for his money, according to the contract the company made public today.

Thodey will be paid A$2 million a year as a base salary — compared to Sol Trujillo's A$3 million — but will potentially earn more in the form of long and short-term incentives. Australia's Telstra is the parent company of New Zealand's TelstraClear.


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