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The country's highest-ranking female executive received the one-off boost on top of her basic take-home pay of $2.68 million and a short-term cash bonus of $2.62 million. That was after Westpac recorded a lower net cash profit for the year to September...
Tags: Westpac, Mrs Kelly, Australia, Melbourne, Executive compensation, Bank, Banks of Australia, Gail Kelly, Business Finance
Gail Kelly has been catapulted into the ranks of top 10 highest-paid executives in the country, having scored a $2 million pay rise in the 12 months to the end of September. Mrs Kelly earned cash, shares and other benefits worth $10.6 million last year,...
Tags: Australia, Sydney, Dividend, Banks of Australia, Westpac, Gail Kelly, Business Finance, Financial crisis
CEO David Thodey and chairwoman Catherine Livingstone fronted their first AGM at Sydney's Darling Harbour Convention Centre where Telstra announced it would no longer charge customers a $2.20 fee to pay bills via mail or over-the-counter. A refund will...
Tags: Telstra, Gail Kelly
The bank reported September-year cash earnings of $236 million, down 40 per cent on a year ago. The six months to September were particularly painful with cash earnings of just $34 million against $240 million for the same period a year earlier. Westpac...
Tags: Westpac New Zealand, Westpac NZ, bad debts, St George Bank, chief executive, impairment charges, executive gail, Gail Kelly, cash earnings, financial crisis
Australia's biggest bank by market value said net profit for the six months to March 31 was $2.175 billion, down from $2.202 billion the year before. Cash earnings, the preferred measure of profitability because it excludes one-off items, fell 6 per cent...
Tags: Westpac Banking Corp., Gail Kelly, Australia, half profit, Aviva, market value, westpac banks, biggest banks
Westpac chief executive Gail Kelly and board were questioned by shareholders at the AGM. Photo: Peter Rae Danny John, Sydney December 12, 2008 THE failures of Allco Finance Group and ABC Learning Centres have taught Westpac significant lessons that...
Tags: debt, Westpac, ABC Learning Centres, executive gail, Allco Finance Group, Gail Kelly, chief executive
has increased full-year cash earnings by 6 per cent on strong loan and deposits growth, ahead of completing its takeover of St George Bank (sgb.ASX: Quote , News ). But the bank said loan growth was likely to slow in fiscal 2009 as consumers and businesses...
Tags: Westpac Banking Corp., Australia, cash earnings, loans growth, Gail Kelly, net profits, big banks
Fairfax Media reported today the bank was expected to shift the work of up to 3000 of its back-room staff to overseas locations such as India during the next three years. "I haven't seen any piece of paper with that kind of number," Westpac chief executive...
Tags: Westpac Banking Corporation, India, Gail Kelly, westpac denies