Murray owns up to retirement payout

In an interview with ABC radio, Commonwealth Bank’s outgoing managing director David Murray implied his retirement payout would be in the order of $25 million. Asked about the Sydney Morning Herald’s report two or three weeks ago that his retirement payout would be in the order of $50 million, Murray said it would be “probably half, and the amount that's been alleged is not right … we can't calculate that until we know when I'm finishing, but a lot of what I will receive has got to do with pension which is not about a handshake, it's about 39 years of service, just the same as anyone who gets their statutory entitlements upon departure.” He later said the payout would be “at least 50 [per cent], not less” than the reported $50 million.

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