Top executives at Macquarie Group, the Australian financial services company, earned 91% less in 2008 compared with the previous year, which was dragged down by the 52% slump in the company's net profits compared with the previous year.

Macquarie Group's top two executive directors, along with eight other key executives and two former key executives, shared A$11.4m (€6.3m) in remuneration for the year, down 91% from the A$124.7m they earned collectively the previous year according to the Macquarie Group annual report published today.