Telstra is in a yield sweet spot, page-81

Good luck getting any proper talent from overseas - we're not willing to pay enough. People have a fit in Australia over CEOs making a couple million bucks. They'd be in cardiac arrest if any large company here paid what big European and US companies pay their top dogs. Telstra is a $60 billion EV business, that's big by world standards.

Ten, twenty, even thirty million bucks in remuneration doesn't make a dent on the P&L. But could a world class CEO add $5, 10, even $20b (yes billion) to Telstra's market value over 3-5 years? Of course they could. But Boards are too scared, too weighed down by media harrassment and the pathetic tall poppy, whinger in the street mentality that pervades thinking here. As a shareholder you shouldn't care a fig as to the actual $ paid, just whether they add value to your investment. And if they don't, then chop chop quick smart and get a big hitter in.