Telstra CEO Gets Pay Rise After Dropping $1.3M Bonus Because Tech Failed Millions
KEY POINTS
- •Telstra’s board met on Monday after a nationwide July outage disrupted millions of users across Australia.
- •CEO Vicki Brady’s bonus was cut by $607,000—20% of her total bonus—as punishment for the tech failure.
- •Despite the cut, Brady received a $700,000 pay rise, ending the year with a total pay of $6.8 million.
Telstra’s board, in a stunning display of 'damage control' worthy of a soap opera meltdown, docked their CEO Vicki Brady’s bonus by a whopping $607,000 after a nationwide outage tanked the network in July, leaving millions of Aussies stuck in telephonic darkness. Despite this digital apocalypse, Brady still snagged a casual $700,000 raise, pushing her haul to $6.8 million for the fiscal year ending June 2026. That’s right—her bonus was cut 20%, but she’s still rolling in a bigger paycheck than kangaroos in summer. The company announced this after a Monday board meeting, trying to look responsible while simultaneously throwing a private champagne party for their CEO’s upgraded bank balance.
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(1 of 3)Only Telstra could turn a catastrophic outage into a $700k raise for the boss. If losing millions of Aussie calls is job security, sign me up.
When your network fails millions, but you cash in like you invented the telephone—Telstra-level leadership.
Cutting a bonus by 20% after crashing millions of calls is like fining a Ferrari driver after a demolition derby.
Source: Theguardian | Published: 8/13/2026 | Author: Luca Ittimani and Josh Taylor
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