Select a page

Banking News

Clyne receives small pay rise to $8.8m

Clyne receives small pay rise to $8.8m

(21 November 2012 – Australia) Despite National Australia Bank (NAB) posting a drop in profit this year, chief executive Cameron Clyne received a small pay rise to A$8.8 million, up 1.2 percent from last year’s $8.68 million. Clyne is the third highest paid bank boss in Australia, behind ANZ’s Mike Smith, and Westpac’s Gail Kelly.

The NAB annual report showed Clyne received an additional A$1.5 million in new share options on top of the A$3.2 million worth of shares awarded in previous years as part of short-term and long-term incentive programs.

The report also showed pay for other senior executives at the bank remained relatively steady from the previous year.
East & Partners's avatar

Comment on this article

 

Your comments will not be published. Required fields are marked *

 

Please enter the word you see in the image below:


Subscribe

Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.