|Ratepayers sizing up the cost of CEOs|
|Adelaide Advertiser, Adelaide by Miles Kemp||31 May 2014|
RESIDENTS in small council areas are paying up to 19 times as much for their council chief executives' salaries, the Land Taxes Reform Association has revealed.
03 June 2014
How much is a CEO worth?
After reading the article in Saturday's paper this should be a question that people ask and debate. According to the article Walkerville's CEO is costing each ratepayer nearly $30 ($ 219,601) and Prospect's $11.54 ($241,995). The highest paid CEO is Adelaide with a salary of nearly $400,000. Their task is quite complex but I always have trouble when calculating how much we should pay our own CEO. As I sit on the CEO's Performance Committee this matter is one I need to discuss and inevitably comparisons are made. We often use Campbelltown as a comparison as it is most similar in size and rate revenue. I can still remember sitting on the same committee when we discussed paying the then CEO, Ron Green, a salary in excess of $100,000 (nearly 20 years ago), we thought this amount was outrageous and yet we paid it as this is what the market place demanded at the time.