Nick Clark The Mercury

BONUSES have helped several of the chief executives of Tasmanian stock exchange listed companies to substantial increases in the latest financial year. Analysis of 2006 annual reports also show that a number of Tasmanian executives received pay rises. Gunns Ltd executive chairman John Gay moved closer to a $1million a year salary in 2006 despite the slump in the firm’s share prices. Mr Gay, 63, received a total package of $967,393, up from $731,175 last year. The $236,000 increase was offset by a loss in the value in Mr Gay’s shares.

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