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Mark Sullivan takes a hair cut

By johnboy - 16 April 2013 8

The ABC reports that Actew CEO Mark Sullivan is going to take a $140,00 pay cut to defuse tensions surrounding his pay.

The Territory-owned company has been been in the spotlight after it was revealed Mark Sullivan’s annual salary of $855,000 was under-reported in an annual report by nearly $235,000.

On Monday ACTEW chairman John Mackay resigned and Chief Minister Katy Gallagher said after 13 years it was time to have a look at the structure of the company.

“One of the issues that’s very clear through this past month is there hasn’t been a great understanding of the difference between ACTEW and ACTEW AGL,” she said.

“I think it is timely that we have a look at the relationships that were established in 2000 and then have a look at how they’re operating now.”

Ms Gallagher has also called for an end to ACTEW executives being paid bonuses and has commissioned a structural review of the company, but says Mr Sullivan’s pay cut was not a demand from Government.

$715,000 remains nearly twice what the President of the United States earns at $400,000 USD.

What’s Your opinion?


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8 Responses to
Mark Sullivan takes a hair cut
Deref 7:57 am 17 Apr 13

justin heywood said :

Wow, his salary has fallen from around $2,300 dollars a day down to a paltry $2,000 per day. How will the poor lamb survive?

It’s a joke, and the joke is on us, folks.

Well said.

Time to reconstitute ACTEW as an ACT government department and pay its chief executive accordingly.

HiddenDragon 10:45 pm 16 Apr 13

Ok sleuths/insiders, what outrageous scandal/stuff-up is our drowsy attention being diverted from by the harrumphing over MS’s remuneration???

dpm 9:02 pm 16 Apr 13

“Ms Gallagher has also called for an end to ACTEW executives being paid bonuses and has commissioned a structural review of the company, but says Mr Sullivan’s pay cut was not a demand from Government.”

It’s also interesting the KG et al are called the ACTEW ‘shareholders’ in yesterday’s stories, and then ‘the Government’ in this one.
Frankly, I feel calling them the ‘shareholders’ is stupidier, so this way is better IMO. Let’s face it, the taxpayers should be called the ‘shareholders’! 🙂

dpm 8:58 pm 16 Apr 13

“One of the issues that’s very clear through this past month is there hasn’t been a great understanding of the difference between ACTEW and ACTEW AGL,” she said.

Let alone where ACTEW Water fits in….
Hahaha!

Buckaroo_Banzai 8:09 pm 16 Apr 13

I’m not sure what the new one is getting, but in late 2011 the previous Commissioner of Taxation was only getting $505,000. But it’s only one of the largest federal agencies and responsible for almost all federal revenue collection, so I can see why a local utility might want to pay their boss more.

chewy14 8:04 pm 16 Apr 13

It’s a bug bear of mine but why do people insist on relating pay to what the President of the USA or indeed any politician gets paid?

All they’re doing is showing how woefully underpaid the President is compared to his responsibilities. No one goes into politics for the money.

justin heywood 7:02 pm 16 Apr 13

Wow, his salary has fallen from around $2,300 dollars a day down to a paltry $2,000 per day. How will the poor lamb survive?

It’s a joke, and the joke is on us, folks.

MarkS 4:32 pm 16 Apr 13

Before we all get excited and the ABC/ CT claims an error in disclosure I have agreed to a remuneration package of $693,000 with salary of $630,000 and up to 10% superannuation. It will remain at that level until 30 June 2014 when it will go up by CPI. My contract still expires in June 2016. I get my haircuts at Christos next to Guss’es and thats a lot of haircuts but not the point. You can now comment based on fact which is a really good start. My remuneration would take AirForce 1 across the USA once and I would not be President for 10 times that but its an interesting benchmark.

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