Westpac CEO earns $13million this year, then resigns

Westpac CEO, Gail Kelly earned $13million this past year.

In simple terms that is:

$250,000 a Week, (52 wks)

$50,000 per day (5 day wk)

$6,666.00 an hour (7.5 hour day)

We wonder whether she had problems paying her rent, electricity or phone bill this year.  Hope she has a good superannuation plan.

Ms Kelly has still has outstanding Liens and invoices as per Public Notices posted.

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Westpac CEO Gail Kelly announces retirement, bank’s

Brian Hartzer to replace

http://www.abc.net.au/news/2014-11-13/westpac-ceo-gail-kelly-announces-retirement/5887514

Westpac chief executive Gail Kelly is retiring in February next year, after seven years at the helm of what is now Australia’s second largest bank.

Mrs Kelly was appointed chief executive of the bank just as the global financial crisis was unfolding.

 

Gail Kelly Sells Off Shares, Raising Speculation That She Is Preparing To Resign As Westpac CEO

http://www.businessinsider.com.au/gail-kelly-sells-off-shares-raising-speculation-that-she-is-preparing-to-resign-as-westpac-ceo-2014-5

MAY 17 2014, 1:57 PM

Westpac boss Gail Kelly sold nearly $7 million worth of Westpac stock on Friday, unloading them for $34.48 a share before the market closed at $34.28.

While Kelly still owns about $53 million worth of stock, analysts believe the sale could be a sign she is preparing to resign.

 

 

 

Westpac shares tumble after Kelly’s resignation

Read more: http://www.smh.com.au/business/banking-and-finance/westpac-shares-tumble-after-kellys-resignation-20141113-11m2hw.html#ixzz3J6jn3ZPD
Date  November 13, 2014

Westpac shares have delivered around a 25 per cent return over the past seven years that outgoing boss Gail Kelly has been at the helm, but given the sharp fall in the stock following her resignation, the question is whether the bank can keep delivering for investors.

According to a Macquarie Securities research note, bank stocks typically underperform the market by 10 per cent in the six to eight months after a CEO change announcement is made.