UNIONS have criticised the 6 per cent pay rise given to Commonwealth Bank chief executive Ralph Norris, saying the $9.2 million package is out of step with the financial crisis that has shaken the world's banking system.
UNIONS have hit out at the 6 per cent pay rise given to the Commonwealth Bank's chief executive, Ralph Norris, labelling the $9.2 million package as out of step with the financial crisis that has shaken the world's banking system.
THERE was a time when, if a banker called Horace was found upside down in a car-park puddle with half the national debt stuffed into his pockets, along with a one-way ticket to Rio, then questions would be asked. But not any more.
ONE OF the troubled real estate businesses of Allco Finance Group is talking with its main banker again after the value of its Australian properties, which it is selling to pay back $1.8 billion debt, fell sharply.
ONE of the troubled real estate businesses of Allco Finance Group has been forced into renewed talks with its main banker about its future, after sharp falls in the value of its Australian property assets being sold to pay back $1.8 billion in debt.
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