[LINK] Sol gets $2.6m bonus

[Adam Todd]

Ya gotta wonder why someone who worked in the USA where the companies in 
his league had turn overs in the 3 and 4 digit billions would come to 
Australia to run a company with a petty cash turn over!

Is this another, no, I won't say it.


At 11:21 AM 11/08/2006, Bernard Robertson-Dunn wrote:
>Sol gets $2.6m bonus
>Michael Sainsbury and Patricia Karvelas
>AUGUST 11, 2006
>The Australian
>
>TELSTRA chief Sol Trujillo has been rewarded with an $8.7 million pay 
>packet for a year in which he infuriated Canberra, wiped $16 billion off 
>the value of the company and delivered the worst profit performance since 
>it listed on the stock market nine years ago.
>
>Despite yesterday handing down a 26 per cent slump in full-year net profit 
>to $3.18 billion, Telstra said its imported chief executive had hit enough 
>performance targets to pocket a short-term incentive bonus of $2.58million.
>
>The bonus includes a $1.5million payment for delivering his strategic plan 
>for the company, parts of which have since been cast in doubt by Telstra's 
>brawls with the competition regulator.
>
>The balance of the bonus was won for meeting targets on issues such as 
>profitability, cost savings, the number of broadband internet customers 
>and the rollout of a 3G mobile phone network.
>
>Included in the $8.7 million pay package was his $3 million annual salary 
>and $1.7 million in sign-on fees and payments to help him move from the US.
>
>Since Mr Trujillo started at Telstra on July 1 last year, his no-nonsense 
>portrayal of Telstra's challenges, spending plans and battles with the 
>regulator have sent the stock into a tailspin.
>
>--
>
>Regards
>brd
>
>Bernard Robertson-Dunn
>Sydney Australia
>brd at iimetro.com.au
>
>
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