Outsider don’t care too much for money…
Outsider’s dear old mum once told him it was impolite to discuss what one is paid lest it cause offence to those who are less well paid and now your humble correspondent knows why.
With the somewhat stunning revelation that recently-ejected CPA Australia chief executive, Alex Malley was earning upwards of $1.8 million a year, some juvenile delinquent decided to ask other financial services organisation CEOs what they were being paid and it seems some were less polite than Outsider’s old mum.
In any event, it transpires that Financial Planning Association chief executive, Dante De Gori is earning $335,000 a year, while AIOFP chief executive, Peter Johnston is on a contract worth about $165,000 while Association of Financial Advisers chief executive, Phil Kewin, was too polite to say and the Financial Services Council’s Sally Loane was ever a well brought up young woman.
To put all this into context, De Gori could earn a great deal more as a partner at Deloitte or within any top tier law firm and Outsider knows of a few investment bankers who have earned bonuses bigger than Johnston’s salary.
Having always respected the admonishments issued by Mother O, Outsider is far too polite to discuss what he earns, but to quote that great Lennon-McCartney classic, “I don’t care too much for money; Money can’t buy me love”.
Still, Outsider also recalls his favourite aunt’s sage words with respect to money: “You don’t need a lot, you just need enough”. Over to you, boss.
AUTHOR
The Outsider
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