CBA finance execs ink pay rise

By Mitchell Neems and AAP

According to the lender's annual report, Grahame Petersen, who ran the financial planning division from 2006-2011, received a salary of $5. 625 million in fiscal 2014, while his replacement, Annabel Spring, took home a package of $2. 988m.

The bank said its remuneration policy reflected CBA's strong financial performance, which lifted it to a record cash profit of $8. 7 billion.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Read more here: Business Spectator


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