Editor's Choice
Super Members Council appoints inaugural chair
The Super Members Council (SMC) will soon welcome Ann Sherry as its first chair.
Generation Development Group to take over Lonsec
Lonsec Holdings will have a new parent company as Generation Development Group (GDG) is due to acquire the remaining stake in the research and ratings house.
Equip Super names chief experience officer
Equip Super appointed its inaugural chief experience officer (CXO), previously at legalsuper.
APRA warns entities on adequacy of backup systems
APRA has reminded its regulated entities of the need to remain vigilant when it comes to cyber resilience, identifying the use of data backups as a weak spot.
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
Have I got this right? Underlying profit is yet to be announced but is expected to be around $4million. Incentives increase in 6% bands, starting at a 33% increase over the $4 million i.e. $1.2 million increase. The CEO gets $500,000 of that increase in incentives. Wow!!!!! If the company (not the CEO) achieves a $1.44 million increase in underlying profit, the CEO gets $1 million of it, and if the company achieves $1.68 million increase in underlying profit, the CEO gets $1.5 million of it.
If that is right (and I hope I am wrong somewhere here) then that does seem one-sided in the extreme. There are rights that come with ownership that seem to be being ignored.