Business
Why Ross McEwan is the lowest-paid bank CEO – The Australian Financial Review
Four senior executives at NAB earned more than $2 million dollars but took pay cuts as the bank reported a 37 per cent fall in profit for the year.
Under his employment contract, Mr McEwan would have been entitled to an annual bonus of $2.5 million. He can also earn an additional, potential long term bonus of $3.25 million, with the ultimate amount dependent on NAB’s share price when the award vests.
Our shareholders are hurting and we need to share that pain,” Mr McEwan said last week delivering the profit drop.
Mr McEwan received less than ANZ Bank boss Shayne Elliott, whose take-home pay of cash and shares was $3.7 million, down from $4.1…
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