Bupa Executives Received $14 Million in Bonuses Prior to Consumer Misconduct Admission
Bupa health insurance executives received over $14 million in bonuses shortly before the company admitted to unconscionable conduct affecting thousands of customers. The bonus payments, which included one individual award of $2.5 million, occurred despite ongoing regulatory investigations into misleading practices.
Executive Bonuses Preceded Consumer Breach Admission
Senior staff at Bupa Australia reportedly received more than $14 million in bonuses during the 2023-24 financial year, according to corporate disclosures that occurred little more than a year before the health insurer admitted to misconduct affecting thousands of customers. Sources indicate these bonuses were awarded to more than 20 executives despite the company’s ongoing issues with consumer compliance.
