is backed by widespread academic evidence".

Also in 2016, the Australian Council of Superannuation Investors "conducted a study of executive pay and concluded bonuses may have become fixed pay, dressed up." They found that despite decreased Australian company earnings in 2015, "93 bosses of the top 100 companies got a bonus, with the median being $1.2million, the highest since 2007, just before the GFC."

Malus

A malus is the inverse of a bonus payment, when base salaries shrink due

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