Gap increases between rich and poor

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Last updated on July 16th, 2017 at 09:54 am

This’ll get the Fairfax proletariat steamed:

The board of Fairfax Media – including company chairman Ron Walker – has awarded itself a uniform 20 per cent pay rise, as its annual report has also revealed executive remuneration at the group has risen sharply …

The pay rise for the Fairfax board will see Mr Walker’s base fee as non-executive chairman increase by $56,000 to $336,000 on its stated level last year. Deputy chairman Mark Burrows’ fee will also rise, from $150,000 to $180,000.

Fairfax has chopped dozens of editorial staffers in recent years – and one or two staffers who fell outside any known journalistic roles.

Posted by Tim B. on 10/02/2007 at 10:01 AM