A couple of weeks ago I was reluctantly compelled to point out that NAB’s 2008 Financial Report contained a 19 page remuneration report, which constituted a massive 63% of the Directors’ Report.
I now see that ANZ has put them to shame – the 2008 Annual Report includes a whopping 22 page remuneration report. This makes up 85% of the total Directors’ Report. That’s right – they spend 22 pages talking executive pay and 4 pages talking about everything else.
That’s what I call getting your priorities right.
For the sake of completeness, here’s the 2008 Snout/Trough Index:
| Bank | Remuneration Report pages | Remun Rpt as % of Directors’ Rpt |
| ANZ | 22 | 85 |
| CBA | 20 | 74 |
| NAB | 19 | 63 |
| WBC | 17 | 68 |
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