Jun 5, 2017

A brief history of the unraveling Alex Malley CPA fiasco

For those who haven’t followed the CPA debauchery, here’s a brief summary of what has happened, largely based on the hard work of Joe Aston.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

CPA CEO Alex Malley

An epic six-month solo effort by The Australian Financial Review’s enfant terrible, Joe Aston, has led to a tidal wave of disgust flowing towards CPA boss, Alex Malley. Last Friday, the AFR splashed across its front page that Malley was paid $1.79 million last year to administer CPA Australia, a membership group of accountants with only 460 staff. That’s more than three times what the Prime Minister of Australia is paid. To make matters worse, Malley’s fellow executives, Adam Awty and Jeff Hughes each took home more than $900,000 each last year. This made the CPA executive team, which employs a relatively tiny number of staff, one of the highest paid in the country.

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