Key facts
- Telstra CEO Vicki Brady's total compensation reached $6.8 million for the year ending June.
- This represents a $700,000 increase from the previous year.
- The board reduced Vicki Brady's bonus by 20%.
- The bonus reduction was due to a nationwide network outage in July.
Telstra CEO Vicki Brady has seen her total compensation climb to $6.8 million for the fiscal year concluding in June. This represents an increase of $700,000 compared to the prior year. However, the company's board decided to dock 20% of her bonus. This reduction was directly linked to a major nationwide network outage that impacted customers in July. The board's decision aims to hold leadership accountable for significant service disruptions. The outage affected a broad range of Telstra services across the country, leading to widespread customer complaints and operational challenges. Brady's compensation package includes base salary, incentives, and other benefits, with the bonus component being subject to performance metrics and company-wide events. The 20% reduction in her bonus is a direct consequence of the July network failure, signaling the board's response to the severity of the incident and its impact on Telstra's reputation and customer trust.