Telstra CEO Brady gets 11% pay rise to A$6.8 million despite outage penalty

Telstra awarded chief executive Vicki Brady total remuneration of A$6.8 million for the year ending June 30, 2026, up 11% from A$6.1 million, even after directors cut her individual performance multiplier by 20 percentage points over the July network outage that disrupted emergency calls to Triple Zero. The reduction lowered her short-term incentive (annual performance-linked bonus) to A$2.762 million, while Shailin Sehgal, then group executive of global networks and technology, took the same cut and every other senior executive lost 10 points, removing a further A$1.29 million from the leadership bonus pool. The board said it could claw back more from fiscal 2027 pay once an external investigation is finalized, as Brady said Telstra had taken full responsibility and was still assessing more than 30,000 compensation requests after paying nearly A$1 million. The results came alongside net profit of A$2.4 billion, core earnings of A$8.2 billion, revenue of A$22.9 billion, a workforce reduction of 1,219 employees to 29,334, a 10.5% increase in the dividend to 21 cents a share, 90.5% franked (with Australian tax credits), and a new A$1 billion share buyback (company repurchase of its own stock). Shares slipped in early Thursday trading as investors weighed stronger earnings and capital returns against the outage fallout, weaker retail postpaid trends and higher network spending.

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Telstra CEO Brady gets 11% pay rise to A$6.8 million despite outage penalty - CoinPost Terminal