{"id":853866,"date":"2026-08-13T14:34:16","date_gmt":"2026-08-13T14:34:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/853866\/"},"modified":"2026-08-13T14:34:16","modified_gmt":"2026-08-13T14:34:16","slug":"telstra-ceo-vicki-brady-receives-bumper-pay-rise-to-6-8m-but-has-bonus-cut-over-outage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/853866\/","title":{"rendered":"Telstra CEO Vicki Brady receives bumper pay rise to $6.8m but has bonus cut over outage"},"content":{"rendered":"

Telstra\u2019s CEO<\/a> received an 11 per cent pay rise last year, before a nationwide outage<\/a> impacted millions and as the telco cut more than 1200 jobs.<\/p>\n

Telstra\u2019s full-year results, released on Thursday, revealed Vicki Brady\u2019s salary increased by $656,000 to $6.8 million to June 30, while net profit rose by 2.4 per cent to $2.4 billion.<\/p>\n

\"\"<\/p>\n

Telstra CEO Vicki Brady was given an 11 per cent pay rise.\u00a0Louise Kennerley<\/p>\n

A little over a week into the new financial year, the company was at the centre of a catastrophic failure on July 8 that left millions unable to connect to the Telstra network, led to Triple Zero calls failing to connect and saw transport networks around the country grind to a halt.<\/p>\n

The annual report said the outage had affected its overall grading of Brady\u2019s performance in the role as CEO but added a review into what led to the outage was still ongoing.<\/p>\n

Despite the outage happening in the new financial year, Brady\u2019s bonus was cut by $607,000 and the rest of the executive team also received smaller bonuses due to the outage arising from a fault within Telstra\u2019s control.<\/p>\n

Telstra said the company was committed to investigating the cause of the outage thoroughly, and understood the impact it had on millions of Australians.<\/p>\n

\u201cWhen our network fails, the impact is realm and we\u2019re deeply sorry for the disruption the incident caused,\u201d Brady and Telstra Chair, Craig Dunn, said in the report.<\/p>\n

\u201cAlong with supporting customers who were impacted, our key focus since has been understanding what happened and why.\u201d<\/p>\n

The outage came as the company also slashed its workforce<\/a> by four per cent, or by 1219 jobs, meaning it now employs 29,334 staff.<\/p>\n

This helped the company save $275 million.<\/p>\n

Overall, Telstra\u2019s core earnings climbed three per cent to $8.2 billion, despite its group revenue falling by 0.8 per cent.<\/p>\n

It also added 270,000 users to its mobile network, with Brady telling shareholders in a statement the company had enjoyed a \u201cstrong year\u201d.<\/p>\n

However, part of the increased earnings came from price rises to its mobile plans, with some users forced to pay up to $5 more per month.<\/p>\n

\"Telstra<\/p>\n

Telstra admitted it could have spent $30,000 to fix outdated software that would have stopped last month\u2019s catastrophic outage.\u00a0Getty<\/p>\n

\u201cWe increased investment in our network and delivered ongoing earnings growth, reflecting momentum across our business,\u201d she said.<\/p>\n

However, the company\u2019s immediate future could be clouded by the outcome of any investigation into the findings stemming from the outage, which the company admitted<\/a> was caused by an outdated piece of hardware that could have been fixed for as little as $30,000.<\/p>\n

In submission made to a parliamentary inquiry, the company admitted it had fallen short of expectations.<\/p>\n

\u201cIf maintenance work can trigger this kind of outage, it suggests our controls were not good enough,\u201d it said.<\/p>\n

\u201cWe have let our customers and Australians down, and for that, we are deeply sorry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Telstra\u2019s CEO received an 11 per cent pay rise last year, before a nationwide outage impacted millions and…\n","protected":false},"author":2,"featured_media":853867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-853866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/853866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=853866"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/853866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/853867"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=853866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=853866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=853866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}