| Publication: | Herald Sun |
|---|---|
| Date: | 25 September 2009 |
| Section: | Business |
George Lekakis
Article excerpt:
SENIOR executives at the government-owned private health fund, Medibank Private, secured big pay rises last year even though the company's bottom line profit more than halved to $91 million. Higher performance-based pay and special retention payments pushed the total remuneration bill for the company's six most senior executives to $5.33 million -- up $1.5 million on the previous year. Medibank Private chief executive Bruce Levy has displaced managing director George Savvides as the highest paid member of the management group after a $300,000 retention payment boosted his package to more than $1.4 million.
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