Bank job pays off big for Baird

Sunshine Coast Daily - - NATION & WORLD NEWS - – Ed Boyd, Daily Tele­graph

FOR­MER NSW pre­mier Mike Baird has cashed in by mak­ing the switch to bank­ing, more than tripling his base salary to

$1.26 mil­lion.

He re­signed from his $358,000 per year po­lit­i­cal job on Jan­uary 19 be­fore join­ing Na­tional Aus­tralia Bank as chief cus­tomer of­fi­cer on April 21.

Ac­cord­ing to the NAB an­nual re­port, Mr Baird earned a to­tal of $888,845 from April 21 to Septem­ber 30. This in­cluded a base salary of $558,239 along with bonuses.

If the base salary was av­er­aged out over an en­tire year it would equal

$1.26 mil­lion – more than three times what he was paid as pre­mier.

Sur­pris­ingly, Mr Baird’s salary was dwarfed by an­other new starter at the bank, chief tech­nol­ogy and op­er­a­tions of­fi­cer Patrick Wright.

He joined NAB a week af­ter Mr Baird on April 26 and was paid a whop­ping $4.38 mil­lion over the 157 days to Septem­ber 30.

This made him the sec­ond high­est paid ex­ec­u­tive at the bank af­ter chief ex­ec­u­tive Andrew Thor­burn, who was paid $6.63 mil­lion.


Mike Baird.

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