Myer boss gets pay rise while profits fell

26 Oct 2012, 2:51 pm   -   Source: AAP
Myer boss Bernie Brookes received a 4.4 per cent pay rise in 2012 while the retailer's profits fell. (AAP)

Myer boss Bernie Brookes received a 4.4 per cent pay rise in 2012 while the retailer's profits fell. (AAP)

Bernie Brookes was paid $1.9 million, not including long term incentives, for fiscal 2012, an increase of 4.4pc while profits fell 12.7pc

Myer boss Bernie Brookes received a 4.4 per cent pay rise in 2012 while the retailer's profits fell.

Myer's annual report, released on Friday, reported that Mr Brookes' pay, not including long-term benefits, for fiscal 2012 was $1.916 million, up 4.4 per cent from the previous year.

Myer's profit for the year to 28 July fell 12.7 per cent to $139.4 million but sales were down 1.3 per cent.

Mr Brookes' contract with Myer will expire on August 31, 2014.

AAP klw/jmc

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