Chapter 11.     The Four Pillars announces large profits year after year.  CEO's of the Four Pillars are paid 'phone number salaries' whereas 20 years earlier they were not

• "Commonwealth Bank posted in Aug 2016 its biggest cash profit at $9.45 billion, a 3% rise."   
   Commonwealth Bank posts record $4.9b first-half profit

• Westpac posted a flat full year cash profit of $7.822 billion.

• "NAB had a full year cash profit of $6.48 billion, an increase of 4.2%"

• ANZ for 2015 reported "Statutory profit after tax of $7.5 billion up 3%. Cash profit of $7.2 billion up 1%."

Commonwealth Bank remunerated CEO, Ian Narev, $12.3 million for financial year to June 2016 after he received multimillion-dollar share bonuses for the bank's performance in previous years.  CBA's annual report showed the total remuneration for Mr. Narev lifted by more than 50 per cent, from $8 million a year earlier.

"All up, the 12 CBA executives received a total of $52.36m – up 30% from the $40.1m they received last year.  Not bad, given the wages of workers in Australia increased by a record low 2.1% in the same period."

"A bank teller earns an average salary of AU$41,689 per year. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay." 

In 1989, the CEO, Don Sanders, earned $150,000 pa. which was about five times the average CBA salary.

In 2014, Westpac's then CEO, Gail Kelly’s fixed pay was $3 million for the year to September 30, while she also collected $2.7 million in short-term bonuses in a year Westpac posted a record profit. Ms. Kelly was awarded another $7 million worth of shares as part of a long-term bonus package, increasing her total remuneration to $12.7 million from $9.6 million a year ago.

====================================================================================