Telstra CEO Pay Rises 11% Despite Triple 0 Outage And Revenue Drop – Channelnews

Telstra CEO receives bumper pay rise despite outage debacle

Telstra chief executive Vicki Brady’s bonus may have been cut after a nationwide outage impacted missions of Aussies, but her pay has gone up by 11 per cent.

‘Accountability Taken’: Telstra Cuts Executive Pay Over July Outage

Telstra has docked the pay of 10 senior executives over July’s nationwide outage, with more penalties possible pending the outcome of an investigation. The company’s board of directors cut chief executive Vicki Brady’s pay package by $607,000 (US$428,000) for 2025-26, taking her total compensation to $6.8 million, 11 percent more than the previous year. The board did compliment her overall performance, rating it as a four out of five and credite…

Major update for Telstra boss after telco meltdown

The chief executive officer has been penalised after a network upgrade left millions of customers cut off.

Telstra share price drops 5% on FY26 report despite big dividend increase

Telstra will pay a final dividend of 10.5 cents per share for FY26. The post Telstra share price drops 5% on FY26 report despite big dividend increase appeared first on The Motley Fool Australia.

Telstra CEO Pay Rises 11% Despite Triple 0 Outage And Revenue Drop – channelnews

Telstra chief executive Vicki Brady has received an 11% increase in total remuneration despite a major national network outage and weaker revenue growth at the telecommunications giant. The increase brings her pay to about $6.8 million. Brady’s pay rise has drawn scrutiny because the July outage affected mobile services and emergency communications across Australia, prompting political and regulatory attention and forcing Telstra to cut executive bonuses. Her short-term incentive was reduced by $607,000 as a consequence of the outage, while other senior executives also faced cuts. Despite the penalty, Brady’s overall remuneration increased from the previous financial year. The outage, which began on July 8, was linked to a software issue involving network infrastructure. Telstra subsequently provided around $1 million in credits to about 30,000 affected customers, while investigations into the incident continue. Brady has apologised for the disruption, acknowledging that Telstra had let customers and Australians down, particularly given the impact on Triple Zero emergency services. The pay controversy also comes as Telstra delivered a mixed financial result for the year to June. The company reported net profit of about $2.4 billion, up 2.7%, while mobile revenue remained a key source of growth. Mobile revenue increased 4.8%, helped by higher prices and growth in wholesale and prepaid customers. However, total revenue declined slightly, reflecting weakness in parts of Telstra’s business. The Australian Financial Review reported that revenue was being weighed down by the company’s business operations. Telstra has responded with aggressive cost management. The company reduced its workforce by more than 1,200 employees during the year, while labour costs fell by about $275 million. Telstra has also pointed to AI and automation as part of its drive to improve efficiency. Meanwhile, shareholders are being rewarded. Telstra announced a further $1 billion share buyback after completing a previous $1.25 billion repurchase. Its dividend was increased by 10.5 per cent. The combination of Telstra’s executive pay increases, workforce reductions, higher shareholder returns and pressure on revenue is likely to keep the spotlight on the company, particularly its approach to performance and accountability. For Brady, the remuneration decision also highlights the difficulty of separating longer-term executive performance from the consequences of a major operational failure. While Telstra’s board did already impose a financial penalty on Brady, via the reduction in Brady’s bonus, the increase in her remuneration means she will still take home significantly more than the previous year. According to the company, further accountability measures will be considered once the external review into the outage is complete.

Telstra ends first year of Connected Future 30 with ‘strong’ FY26

Telstra has wrapped up the first year of its Connected Future 30 strategy with “strong” results for its 2026 financial year. During the 12 month period to June 30, Telstra’s performance saw earnings before interest, tax, depreciation, amortisation, and leases (EBITDAaL) rise 3 per cent, to $8.2 billion. Additionally, net profit after tax was up 2.7 per cent, to $2.4 billion and underlying EBITDAaL rose 4 per cent, to $8.3 billion In response to …