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The $35 million Macquarie man who out-earned his own CEO
The bank cut profit-share allocations for senior leaders after a first strike on pay and regulatory scrutiny over short sales and the Shield Master Fund.
Summary by Sydney Morning Herald
4 Articles
4 Articles
Macquarie commodities chief out-earns group CEO
THE head of Macquarie Group’s commodities and trading arm was paid more than the company’s CEO last year after profits at his division surged 49%, propelled by asset sales and volatility in energy markets, said the Financial Times. Simon Wright received A$35.4mn ($25.5mn) for the year to March, exceeding the A$26.5mn awarded to his CEO Shemara Wikramanayake. Ben Way, who runs Macquarie’s asset management division, was paid A$24.1m, said the news…
Coverage Details
Total News Sources4
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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