Lend Lease CEO’s Pay Hits $7.6m

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The pay packet for the head of development giant Lend Lease has soared to $7.6 million.

Chief executive Stephen McCann’s pay rise, from $4.76 million in 2012/13, was due to much larger cash and share bonuses.

His cash bonus grew to $1.08 million in 2013/14, and Mr McCann received shares worth $4.5 million as part of incentives awarded in previous years.

His cash salary remained steady at just over $2 million.

Lend Lease’s profit grew 50 per cent in 2013/14 to to $823 million, largely due to proceeds from the sale of its interest a major shopping centre in England.


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