Telstra reports that its chief executive, Vicki Brady, is paid $6.8 million for the year ending in June. The company says her performance-related bonus is reduced by 20% following a nationwide outage in July. Telstra’s board meets this week and also cuts her bonus by $607,000 in response to the network failure.
Outlets describe the July outage as affecting large parts of Australia, with reporting ranging up to about 25 million people without phone coverage. Telstra’s financial results are presented alongside the pay decision. While one outlet focuses on the CEO’s overall pay increase and the size of the bonus reduction, another emphasizes the specific penalty and the scale of customer disruption. Another report also links the context to higher mobile bills, noting that customers face additional price rises around the same time.
Across the coverage, the key point is that Telstra still increases Brady’s total remuneration year-on-year, even as the board applies a bonus penalty tied to the outage.
