Telstra's Trujillo picks up $13.4 million pay packet

TELSTRA chief executive Sol Trujillo has increased his annual remuneration by 13.7 per cent to $13.39 million.

Mr Trujillo's package totalled $13.39 million in 2007/08, up from $11.78 million in the previous year, statements released by the company today show.

The head of Australia's biggest telco drew a salary of $2.9 million for the year, which was in line with the previous year.

Mr Trujillo took home short term cash incentives, including annual bonuses, totalling $2.58 million, down from $2.66 million.

His equity settled share-based payment, which represents 50 per cent of his total actual short term incentive payment, rose to $4.83 million, from $2.77 million.

AAP