NewsBite

Chanticleer

Chanticleer

Macquarie pay strike more than a minor embarrassment for Millionaires Factory

If the investment bank doesn’t get the response right, it risks damaging one of the cornerstones of its model. Just ask the chief executive.

EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The historic first strike against Macquarie remuneration report is more than a minor embarrassment for the Millionaires Factory.

If Macquarie chairman Glenn Stevens and chief executive Shemara Wikramanayake don’t respond appropriately to this pointed message from investors, one of the cornerstones of the Macquarie model could be damaged.

Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Chanticleer

    The Australian Financial Review Magazine

    Sam Altman.

    BOSS Financial Review

    From left: Chris Purdy, Accor vice president of corporate services and strategy for MEA APAC; Christina Ruiz, Sportsbet general manager of commercial content; Hayden Brass, chief executiv of Zea; Casey Tanks, Sime Darby Industrial Solutions chief financial office; and Felix Sekulla, National Australia Bank, executive of proprietary home loans for NSW and the ACT.

    Life & Leisure

    Rich List

    AFRmag Covers

    Original URL: https://www.afr.com/chanticleer/macquarie-s-pay-strike-is-a-bitter-blow-for-stevens-wikramanayake-20250724-p5mhii