See where the banks have closed 2000 branches across Australia, and there
are 55,000 jobs to go, while profits soared 740%. The CEO of NAB Frank
Cicutto made $2.9M, last year, David Murray CEO of the Commonwealth Bank
made $2.3, David Morgan of Westpac made $2.5M.
To the Finance Sector Union national secretary Tony Beck, the bosses'
wages are more than just astronomical, they're scandalous. It is
difficult for bank staff to understand how a boss could receive a 52% pay
rise but offer his workers just 2.7%.
This raises a questiion of ethics and social justice. At the same time
they are paying themselves that, they are talking to the FSU about the
need for restraint, the need for pain, the need for restructure and
modernisation.
There are some cynical bastards in this world - NICE FOR SOME!
--"Alan Cotterell" <acotrel@cnl.com.au>
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