2010 pay, 1989 lifestyle

Westpac CEO George Frazis continued to be on the receiving end of some more less than favourable media attention last weekend, in the wake of revelations that he is New Zealand’s highest paid executive.

The Herald published a story titled “Bank chief parties like it’s 1989”, including reports that Frazis shed his shirt at a recent Christmas party to reveal a superman-style W on his midriff, spurned the Moet for pricier Veuve Clicquot, and lives in a rented multi-million dollar mansion on Paritai Drive.

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