Cicutto gets $21,300 a day
National Australia Bank's CEO Frank Cicutto almost trebled his pay packet in last financial year. Cicutto's remuneration of $7.7 million was more than $5 million above his package the previous year. His pay equates to about $21,300 day, $887 an hour or $14.79 a minute and is about 203 times average weekly earnings. Cicutto's package, revealed in NAB's 2003 annual report, comprised $1.89 million in base salary, $1.29 million in cash performance incentives and $153,000 in other benefits including superannuation.