900 Australia Post staff going as CEO earns what?
CRITICS of Australia Post's decision to sack 900 administration staff are questioning the multi-million-dollar salary awarded to the company's managing director Ahmed Fahour.
Mr Fahour - a former CEO of NAB and Citigroup - was paid $4.8 million last year as chief executive officer and managing director of Australia Post, which is 100 per cent Government-owned.
In contrast, the head of the US Postal Service was paid $550,000 in 2013, despite running a company with 19 times more staff and 11 times the revenue.
The head of France's postal service, La Poste, was paid $1.06 million for running a service with 268,000 employees.
The highest paid public servant in Australia is the Secretary of the Department of Prime Minister and Cabinet, Ian Watt, who earns more than $800,000 per year.