🦘 CEOs Enjoying Astronomical Salary Increases, Australia Leads Crypto ATM Boom, Cheap Groceries To Tackle Food Waste

G’day everyone!

Here’s what we’ve got in store for you today:

• CEOs Enjoying Astronomical Salary Increases

• Australia Leads Crypto ATM Boom

• Cheap Groceries To Tackle Food Waste

Let’s have a look at the market snapshot before jumping into the news:

CEO Pay Soars While Workers Struggle: A Tale of Two Economies

In a year where cost-of-living pressures have many Australians feeling the pinch, it seems the CEOs of major companies are living in a different universe.

Recent reports reveal that CEOs now rake in an average of 50 times what a typical worker earns.

While most employees saw their earnings rise by just 4.6% last year, top executives enjoyed double-digit pay increases.

Take Shemara Wikramanayake from Macquarie Group, for instance; she pocketed a staggering $29.4 million, despite a small dip from last year.

Other leaders aren't far behind, with the CEO of IAG seeing a whopping 78% boost in pay to $5.23 million, thanks to rising insurance premiums.

And it's not just in finance.

At Coles, Leah Weckert saw her salary jump to $4.7 million after taking the reins, although she still lags behind her predecessor.

With these eye-popping figures, the question arises: are boards truly incentivizing long-term growth or just riding the market wave?

As the disparity widens, what does this mean for the average Aussie worker?

Australia's Crypto ATM Boom: Are We Leading the Charge?

Australia is making waves on the cryptocurrency scene, as the number of crypto ATMs here skyrockets a staggering 16-fold over the last two years.

With over 1,200 kiosks now available, we’re setting the pace globally for these digital currency machines.

These ATMs allow users to convert cash into cryptocurrencies like Bitcoin, Ether, and even Ripple, or turn crypto back into cash.

However, not everything is glitz and glamour - some folks are using these machines for less than savory activities, including money laundering.

Despite the spike in interest, big banks like the Commonwealth Bank and NAB are implementing strict controls on crypto transactions to protect customers from scams.

While the U.S. leads with over 35,000 crypto ATMs, Australia is on a fast track, having launched about 1,100 new machines since January 2023.

Stay tuned - this cryptocurrency journey is just getting started!

Surprise Bags Under $7: A Tasty Way to Slash Your Grocery Bills and Help the Planet!

Australians, rejoice!

A new initiative called Too Good To Go is here to redefine your grocery shopping experience and tackle food waste all at once.

This innovative service allows cafes, bakeries, and grocery stores to package up unsold food into “surprise bags” that you can snag for as little as $6.99.

What's the catch? You won't know what's inside until you pick it up, but it’s usually a steal valued at twice the price!

In just a short time, this app has saved millions of meals across 18 countries, and in Australia alone, it aims to combat the staggering 7.6 million tonnes of food wasted annually.

So why not dive into this tasty opportunity?

Sign up, save some cash, and help the planet one surprise bag at a time!

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You Made It!

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