Wesfarmers’ top executive forgo $10m

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 22-Sep-16

Wesfarmers’ annual report for 2015-16 shows that the group’s lower earnings were reflected in the remuneration of its key executives. Group MD Richard Goyder received $A763,514 in base pay, or 30 per cent less than in the previous year. The underlying net profit of the Australian-listed conglomerate declined 3.6 per cent to $A2.3 billion in 2015-16 while net profit fell 83 per cent to $A407 million.

CORPORATES
WESFARMERS LIMITED – ASX WES, TARGET AUSTRALIA PTY LTD, COLES GROUP LIMITED, KMART AUSTRALIA LIMITED

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