James Warburton’s $7 Million Pay Day

James Warburton’s $7 Million Pay Day
SHARE
THIS



Seven West Media capped off a transformative 12 months yesterday, posting a net end-of-year profit of $318 million.

The profit boom was on the back of a revenue increase of 3.5 per cent – led primarily by the revival of the local advertising market and the growth of 7Plus – and a 7.5 per cent reduction in costs.

And according to the results, the man who has been responsible for leading the network since 2019, CEO James Warburton is being remunerated well for his efforts.

According to The Australian, Warburton received a total package of $7.6 million, which was made up of his base pay of $1.27 million and a number of incentive schemes.

Warburton’s fixed remuneration has remained unchanged since his appointment in August 2019, according to the annual report.

Under the ‘Directors’ interest in securities’ section of the annual report, Seven West Media disclosed Warburton’s 22.5 million performance rights holding.

Warburton was also granted $2.36 million in equity under the STI and LTI plans to the Executive KMP during FY21.

The remuneration package comes after Warburton forfeited equity awards of $602,027 during the COVID affected FY20.

In the peak of the COVID-led economic downturn last April, all Seven West Media employees earning over $200,000 were asked to take a 20 per cent salary reduction.

 

Please login with linkedin to comment

James Warburton Seven West Media

Latest News

Dynata’s Latest Economic Crossroads Report Shows Consumer Trends From Around The Globe
  • Marketing

Dynata’s Latest Economic Crossroads Report Shows Consumer Trends From Around The Globe

Across the world, rising costs are causing anxiety and financial struggles for consumers. The worldwide impact of inflation is affecting their outlook and behaviour. More than half of consumers globally are struggling financially because of inflation and the increasing price of fuel, housing and everyday goods. Russia’s war on Ukraine intensifies their concerns around supply-chain […]

Nielsen To Publish Global Annual Environmental, Social And Governance Report
  • Marketing

Nielsen To Publish Global Annual Environmental, Social And Governance Report

Nielsen is releasing its global annual environmental, social and governance (ESG) report to share information in six key ESG topic areas including diversity, equity and inclusion, human capital, governance, data privacy and security, environment, and communities. The report is designed to demonstrate how Nielsen does what it does with responsibly and with integrity—and how that […]

Kantar Study Shows Native Video Ads Boost Brand Awareness By 26% As Part Of Larger Media Mixes
  • Marketing

Kantar Study Shows Native Video Ads Boost Brand Awareness By 26% As Part Of Larger Media Mixes

Taboola, a global leader in powering recommendations for the open web, helping people discover things they may like, today announced the results of an independent Multichannel Brand Impact study from Kantar, the world’s leading data, insights and consulting company. eMarketer forecasts show digital ad spending in the U.S. will reach $270B in the U.S. by […]