Nine investors rail against executive pay and biscuit selection

Nine investors rail against executive pay and biscuit selection

Shareholders in the country’s largest media company have delivered a protest vote against the company’s executive pay arrangements. November 6, 2026 — 3:43pm Shareholders of Australia’s largest media company, Nine Entertainment, have delivered a strike against its remuneration report and chief executive Matt Stanton’s pay, after the company’s share price slumped 30 per cent in the past year. Company chair Peter Tonagh defended Stanton’s record as chief executive after two influential proxy advisory firms, CGI Glass Lewis and ISS urged investors to vote against the company’s executive pay arrangements, in part because Nine is now a smaller business after selling Domain last year. Tonagh rejected those calls, saying Stanton should not be punished for selling the digital real estate listings business and buying outdoor media firm QMS . The company will take the strike seriously, however, he said. Nine CEO Matt Stanton (right) at the AGM on Friday. The company’s remuneration report was hit with a second strike in three years. AAPIMAGE “Our perspective as a board is the argument that we should reduce Matt’s salary because he did a good job of selling a business and returning value to shareholders, and buying another one, which requires more work from him, is an argument that is not persuasive to us,” Tonagh said while fronting his first annual general meeting as chair of Nine. The c.