NAB 1.15% $39.61 national australia bank limited

NAB, Banks and Looming Mortgage Crisis, page-44

  1. 242 Posts.
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    Sorry to burst your bubble Sircorp. Here is some info for you:

    NAB net profit 2018 - 5.6 Billion during a year on which a royal commission was being conducted

    So your telling me with the money that NAB made 5600M you don't want to pay the CEO or driver of the bus 20M - 0.003% of the total?

    Also more to note:

    They are performance rights - ie if the company isn't up to par with profit and growth they will not receive them or only partially receive them.

    Secondary note: People forget that after the first $180,000 of income almost half or 47% is tax. So when you see that 20M your better of saying that he will actually only take home 10M net of tax. It might be even less if labor get in:

    Base wage would be over 180k

    If you look at those given stocks - cost base $0

    Pay tax on 75% of the profit so if 20M in performance rights sold that tax on 15M @47% - 7M tax with take home 8M.

    Why are you always so doom and gloom?

 
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