ON THE very day the Productivity Commission released its controversial report on executive salaries, BrisConnections has revealed it paid substantial bonuses to a management team that presided over one of the most disastrous floats in Australian corporate history.

Managing director Ray Wilson was paid a $240,000 cash bonus on July 31 this year, on top of his $398,713 salary.

Including superannuation and his bonus, Wilson received $669,722 last financial year for working just seven months.

Most of BrisConnections' key management staff received substantial bonuses last financial year, even though the company's share price plummeted to just 0.1¢ per listed unit - the floor price a stock can trade at on the Australian Securities Exchange.

Chief financial officer Nicholas Lattimore received a cash bonus of $140,000, equivalent to 32 per cent of his base remuneration. He pocketed $456,727 in total last financial year.