“Are you really worth seven times the salary of the Australian prime minister?” That was the question posed to Deloitte Australia CEO Adam Powick during a grilling in the Senate.
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00:00 No, my system.
00:01 It is actually, Mr Poeck, because, as Senator Pocock has indicated, the scale of engagement
00:08 of your sector with the federal purse is now at an incredible level of 25 per cent of the
00:14 income that is coming to your business.
00:18 And you are taking home seven times the salary of the Prime Minister to do your bit of helping
00:24 Australia.
00:25 Does it make sense to me?
00:27 Let me finish my point, please, Senator.
00:30 At the end of the day, we are in a different system.
00:32 We are in a free market, private enterprise.
00:35 In a free market, the salaries—I don't set my salary, I never have set my salary—and
00:41 my salary is set to be commensurate with others that play a similar role in our profession.
00:48 We also try to ensure that partners and our people are paid commensurate and competitively
00:54 with others in our profession.
00:56 I don't apologise, but that happens to be—I happen to recognise, I mean deeply recognise,
01:01 Senator, that I am incredibly privileged and fortunate to earn what I do for what I do.