News: Lend Lease CEO pay rise

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    Lend Lease Group (ASX:LLC) yesterday posted a tepid increase in its full year profit results, however CEO Steve McCann’s income has reportedly climbed to $7.3 million.



    According to reports Mr McCann’s salary swelled by 66 per cent in the last financial year, alongside a $358,000 increase in his annual bonus, as well as over $2 million dollars in long term incentives and retention payments.



    Despite the inflated pay cheque Lend Lease yesterday conceded that its operating environment would be testing moving forward.



    Lend Lease yesterday posted a 1.7 per cent rise in its annual net profit of $503 million.
 
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