An unprecedented cold snap in Texas and galloping recovery from the pandemic helped deliver an eye-watering pay packet for little-known Macquarie veteran Nick O’Kane.
Mr O’Kane has been catapulted into an elite group of the investment bank’s top earners after pocketing $26.3 million this year, nearly $5 million more than group chief executive Shemara Wikramanayake.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com