Greedy NBN Co behaves like investment bankers

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CEO of NBN Co, Stephen Rue, was the highest paid civil servant in the nation in 2019-20, earning a whopping $3.2 million, or roughly six times the salary of the Prime Minister:

NBN Co salary

The chief of NBN Co was paid a whopping $3.6 million in 2019-20.

Now the issue of bonus payments for employees of government business enterprises (GBEs) is under renewed scrutiny following the release of data on the bonuses received by employees of NBN Co.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.