A whistleblower scandal cost KPMG Australia’s former chief executive Andrew Yates and ex-chairman Martin Sheppard more than $1.2 million in docked pay and bonuses following their mid-year resignations over the firm’s handling of the matter.
Yet both men still secured multimillion-dollar departure packages, with Yates collecting $6.7 million in earnings and retirement payouts despite forfeiting almost $700,000 in pay, and Sheppard taking home $1.8 million after a $526,000 bonus cut.
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