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Shareholder revolt unable to stop CBA executive pay hikes – NEWS.com.au
Shareholder revolt unable to stop CBA executive pay hikes
Top Commonwealth Bank executives have been graced with hefty pay rises despite yearly fixed income increases for employees being slashed due to lower wage growth. Shareholders hit the country’s largest banking group with a substantial protest vote at Tuesday’s annual general meeting, angry over scheduled executive remuneration rises during the middle of a recession.
The revolt by certain shareholder voting blocs has also been sparked by changes to CBA’s employee enterprise agreement, which will…
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