CBA lifts exec pay freeze: report

Narev confirms freeze won't continue into 2014 but plays down exorbitant pay rises.

Following last week's record full-year profit Commonwealth Bank of Australia (CBA) will end a freeze on the salaries of its executives in a move that could see some of the lender's senior managers granted a pay rise, The Australian Financial Review reports.

According to the newspaper, CBA chief executive Ian Narev said despite lifting the freeze, which was in place throughout fiscal 2013, there was no guarantee of exorbitant pay increases.


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