Business Services Industry
Cuffe ex denies sharing in huge payout.
Australasian Business Intelligence, February, 2003
Feb 16, 2003 (The Mercury - ABIX via COMTEX)
The former wife of Chris Cuffe says she will not benefit from her ex-husband's $A32.75m payout from Commonwealth Bank of Australia. Cuffe received the payout when he resigned as CEO of Colonial First State Investments. His former wife, Vicki Cuffe, said she had been prepared for the massive media response to the payout, and indicated neither she nor the couple's three children had benefited from the payment. Shareholders and politicians have indicated anger at the payment, with Australian Treasurer Peter Costello stating that no executive is worth so large a payout.
Publication Date: 17 February 2003
COMMONWEALTH BANK OF AUSTRALIA - ASX
CBA:
COLONIAL FIRST STATE INVESTMENTS
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