Millionaires’ factory churns out the $10m-plus pay packets

Ben Brazil of Macquarie Bank does not want any family money.

Macquarie’s top 10 executives collectively received $119.4 million, which puts even the CEO pay packets at the Big Four banks to shame. This will be the case for some time if the banking royal commission is anything to go by.

You think the 4 Banks overpay their Execs. Coupled with millions in payments we each and every Australian citizen guaranteed that they wouldn’t go broke. Tell me why there wouldn’t be a high risk culture that believes it’s untouchable? The sharehoders might be able to move the who sits in the boardroom chairs but they haven’t managed to change the operational culture which has simply become Wall St (ODT)

Millionaires’ factory churns out the $10m-plus pay packets