Chief executive of Westpac, George Frazis has peaked executive take-home pay graph, making $5.59 million through the Australian- hold bank. The yearly remuneration of Mr Frazis, who has subsist with the bank ever since March previous year, is exposed in the bank's yearly 2010 report.
Mr Frazis work for inflexible salary of $A967, 330, peaked up by short-range profit of on the brink of $A1.6 million; superannuation profit of $A14, 586; alternative of $A399,634 and share privileges of $A1.4 million. Transformed to New Zealand dollars, the income is $5,596,639.
The subsequently uppermost - remunerated chief executives in this nation are Telecom chief executive Paul Reynolds, making to $5.15 million and chief executive Andrew Ferrier, Fonterra, making $5.11 million, in the previous fiscal year Dr Reynolds salary chop down under the $7 million grade as his additional benefit stipulation, remunerated in fraction in Telecom shares, undergo with his group's turn down on the NZX.
Mr Frazis take home $A2.6 million for the instance he was at the wheel of the bank previous year.
