Living up to its nickname as the “millionaire’s factory,” Macquarie Bank reported bumper financial results, driving CEO Shemara Wikramanayake’s total pay to $26.5 million. The remarkable compensation came even as the company reduced the share of profits paid to its key senior leaders, suggesting the sheer scale of the profit surge left plenty to go around. The story, reported across The SMH and The Age, highlights ongoing tensions around executive compensation at a time when cost-of-living pressures dominate public conversation in Australia.
Walter Murrow
May 8, 2026
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