Gentrack chief Gary Miles has set a new record for CEO pay in New Zealand, earning $17.3 million in the past year, as reported in the company’s annual report. This substantial income largely stemmed from the vesting of 1.3 million performance share rights valued at approximately $16.35 million. Additionally, Miles received a base salary of $898,000 and chose to forgo a short-term incentive bonus, opting instead to invest it in the employee bonus pool.
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