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NBNCo’s annual reports show that its executives have received bonuses totalling $5.7 million since 2020, including about $1.5 million in 2021-22.
A $697,000 bonus was paid to CEO Stephen Rue, which came on top of his $2.1 million base salary.
The issue was raised during a Senate estimates hearing on Tuesday.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.