Crocmedia wages revealed: Hutchison pockets $944,752
New documents filed by Crocmedia to the Australian Stock Exchange reveal the six-figure salaries of its senior executives.
While those documents have since been removed, they’ve now been published by News Corp and they’re an eye-opener.
The salaries of Crocmedia’s top 20 executives include the financial arrangements of managing director Craig Hutchison, who recently became chief executive and managing director of Pacific Star Network; the owner of Melbourne Sports broadcaster 1116 SEN.
Hutchison’s salary comes in at $944,752 and includes a potential $61,000 bonus, while former AFL executive Richard Simkiss pockets $390,000 as Crocmedia’s new group business director.
Phew. But wait, there’s more.
Former Channel 9 programming boss Tim Cleary is being paid $410,000 and Crocmedia’s Chris Giannopoulos is on a base of $430,000, with a bonus potential of $50,000.
It goes to show that there is money to be made in sport, even if you’re not putting your body on the line in the field of sports.