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Deloitte CEO “should not be paid seven times” more than Prime Minister

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The CEO of a prominent Australian consulting firm has openly acknowledged that his salary, which is seven times higher than that of the Prime Minister, was not commensurate with his position.

The committee had convened to investigate the integrity of consulting firms providing services to the federal government, prompted by the infamous “PwC tax scandal.” This scandal involved senior partners exploiting confidential government information to assist large multinational companies in evading tax payments.

Deloitte’s executives faced criticism from Senators Deborah O’Neill and Barbara Pocock for their lack of transparency regarding salaries and employee misconduct.

The committee requested an anonymized breakdown of the number of Deloitte employees earning over $1 million, but Chairman Tom Imbesi cited commercial sensitivities as the reason it could not be provided.

Eventually, CEO Adam Powick disclosed that the average base salary for a partner at Deloitte ranged between $500,000 and $600,000.

It had been publicly reported that Powick himself earned approximately $3.5 million, prompting Senator O’Neill to question whether he believed his salary was warranted in comparison to that of the Australian prime minister.

To this, Powick replied, “No,” emphasizing that he recognized the privilege of earning such a substantial amount for his role.

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Ferrari’s debut high-performance electric vehicle will be priced above $500,000

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Ferrari has unveiled details about its inaugural electric car, slated to be priced upwards of $500,000, as first reported by Reuters.

This announcement comes amidst growing global interest and competition in electric vehicles, with Ferrari aiming to blend its iconic design prowess with sustainable technology.

The Italian automaker, renowned for its high-performance sports cars, is expected to maintain its commitment to superior craftsmanship and engineering excellence in its electric offering.

Following the EV announcement, Ferrari also confirmed plans to establish a new manufacturing plant aimed at enhancing production flexibility and significantly reducing car development times.

Mike Costello from Cox Automotive joins to discuss the latest in EVs. #featured #trending

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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