politics

Telstra CEO Vicki Brady receives $700,000 pay increase to $6.8 million after outage

13 Ağustos 2026The Guardian

Telstra's CEO, Vicki Brady, received a pay increase to $6.8 million despite a nationwide outage that affected millions of customers. The company's board decided to cut her bonus by 20%, amounting to $607,000, in response to the outage.
However, this reduction did not prevent her overall compensation from rising by $700,000 compared to the previous year.
Telstra's recent outage has sparked discussions about the reliability of telecommunications services in Australia and the responsibilities of executives in ensuring service continuity. The financial implications of such outages can be profound, affecting not only customer trust but also the company's bottom line.
The decision to increase Vicki Brady's salary amidst a significant service failure raises questions about accountability in corporate governance. While the board's action to reduce her bonus reflects an acknowledgment of the outage's impact, it appears insufficient given the scale of the disruption.

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This article reflects the views and opinions of the author and does not necessarily represent the views of The Guardian.

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