Yahoo Finance Kyle Sandilands claims $200m contract actually worth this staggering amount - and how pay compares to biggest CEOs
Australia's best paid CEO took home more than $47 million, so how does radio fame stack up?
Shock jock Kyle Sandilands has claimed he and co-host Jackie “O” Henderson $200 million is actually worth “a third more” than original reports, but he’s still doesn’t get as much as Australia’s best paid chief executive.
We’ve been talking a lot about wages, and breaking the taboo of discussing what you earn at Yahoo Finance of late, and maybe Sandilands has been reading along as on Friday he claimed the “landmark” 10-year deal to keep the The Kyle and Jackie O Show with KIIS FM announced in November last year was worth far more.
'I wanted to know if it's really all that money,” a producer asked on-air.
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“Yes it's more than that, it's more than what was reported but Jackie would rather me not bring that up," Kyle said.
'It's way more, it's a third more.”
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That would take the figure to $267 million, or about $26.7 million a year over the decade, which would need to be divided by two. The individual salary of $13.35 million is substantially bigger than the $5 million a year they make now.
Together, they will take home annually more than the $24 million Woolworths CEO Brad Banducci is set to walk away with in potential share rights after standing down this week.
Banducci didn’t make the top 10 in the latest ASX-listed CEO wage report from Australian Council of Superannuation Investors (ACSI), slotting in at number 11.
So how does the radio-duo stack up against the biggest chief executives? They’d slot in at number nine, if they were on this list.
Who are Australia’s top 10 best paid CEOs?
Mick Farrell ResMed $47,138,147
Greg Goodman Goodman Group $44,337,989
Robert Thomson News Corporation $35,153,533
Alex Dorsch Chalice Mining $17,875,356
Shemara Wikramanayake Macquarie Group $17,565,615
Paul Perreault CSL $17,376,176
Mike Henry BHP Group $16,313,641 6
Ron Delia Amcor $14,233,512
Chris Ellison Mineral Resources $12,685,728
Jason Huljich & John McBain Centuria Capital $10,730,981
At the time, Australian Radio National said :“$7 million worth of shares in ARN Media (equivalent to approximately 7.5 million shares at yesterday’s closing share price), will be issued to Kyle Sandilands, Jackie Henderson and Christian O’Connell and will vest at the end of the contract term”.
So, on top of their base salary, their contract includes the sign on bonuses of shares, and a percentage share of the rising revenue , or incremental growth.
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