Virgin Australia has revealed the total payday for former chief executive Jayne Hrdlicka.
In the airline’s latest annual report, it was revealed that Ms Hrdlicka was paid just short of $50m for her role in relisting the airline on the ASX.
Ms Hrdlicka received a base salary of $1.8m in fixed remuneration and $13.8 million in “other cash payments”.
She was also given short-term incentive compensation and $4.2m in termination payments after leaving the airline.
But her real wealth was the 10.2 million shares she was given, which, at Virgin’s initial public offering price of $2.90, was worth just short of $30m as part of a management equity plan.
Her total package was $49.9m.
With the share price rising to $3.28 at the time of writing, these shares today are worth a little more than $33