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Aussie, S'pore bank CEOs top best-paid list
But total pay shrinks 11% for biggest earners, reflecting tougher times. -ST
By Francis Chan AUSTRALIAN bank bosses pull in big bucks, according to a new remuneration survey, but the chief executives of Singapore's big three financial institutions are not far behind. A league table ranking banking pay in the Asia-Pacific found that seven of the top 15 best-paid CEOs in the last financial year came from Australian banks. Bosses at ANZ, Commonwealth Bank, Westpac and National Australia Bank took the top four spots, with ANZ's Mr Michael Smith the highest-paid with a pay package of almost US$9 million (S$12.6 million).
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