Business
JobKeeper recipients paying millions in bonuses to their executives, research reveals – ABC News
At least 25 large companies pay executive bonuses totalling more than $24 million after claiming the JobKeeper subsidy.
At least 25 companies have paid bonuses worth a combined $24.3 million to their executives after claiming JobKeeper subsidies, an analysis of the financial reports of 290 entities on the ASX 300 has found.
Key points:
- Not all the bonuses were paid in cash, some were paid in shares
- The Business Council of Australia says companies should not be paying bonuses if they are receiving JobKeeper
- Governance firm Ownership Matters has criticised the lack of transparency around t…
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