Feb 4, 2010

Aussie bankers doing fee-nominally well

Executives at our biggest banks continue to enjoy a myriad benefits, the Big Four being among the most generous remunerators of executives in business. But lower-paid workers have not been so lucky.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

It has been a good war for Australia’s bankers. Despite receiving myriad benefits, largely on the taxpayers’ dime, the heads of Australia’s financial firms have barely seen a ripple in their bloated pay packets. A survey conducted by the Hay Group revealed that CEO pay dipped a mere 10.9% last year, while fixed pay dropped only one third of one percent.


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2 thoughts on “Aussie bankers doing fee-nominally well

  1. Elan

    It’s late. I’m tired. That puts me in danger of writing something which will be deleted.

    So;-I’ll say nothing about these greedy failed abortions.

  2. Altakoi

    Just as long as, when it all goes pear shaped, they don’t ask the taxpayer to bail their sorry butts out of the fire. Personal accountability, indeed law suits, from creditors would be a good idea.

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