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.
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.