Stephen Rue justifies executive bonuses

NBN Co chief executive Stephen Rue.CREDIT:ALEX ELLINGHAUSEN. The National Broadband Network's chairman says spending millions of dollars on executive bonuses is justified amid the worst recession since the Great Depression because the taxpayer-funded infrastructure has helped Australians through the pandemic. NBN Co boss Stephen Rue is now the nation's highest paid taxpayer-funded chief executive after earning $3.1 million in the past financial year including a $1.2 million bonus. Six of his senior managers were paid more than $1 million last year, the publicly owned corporation's annual report shows.