Commonwealth Bank CIO forgoes pay after online outage
SYDNEY – Commonwealth Bank of Australia (CBA) has introduced pay cuts for its chief information officer (CIO) and several other IT executives deemed responsible for an online outage affecting its Netbank website in June.
CIO Michael Harte, who took home A$2.8 million ($2.4 million) in remuneration for the financial year ending in June, has taken an undisclosed pay cut after the blackout, which was
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