12 September 2012 6:50am

A former Commonwealth Bank executive was awarded A$317,500 compensation after he brought a breach of contract case against the bank, following his redundancy in 2009.

Stephen Barker started working for the Commonwealth Bank in 1981, after leaving school. By 1989 he was a loans officer at the Findon branch, in Adelaide.

Barker continued to move up through the ranks, and in 2004 was appointed executive manager for corporate banking in Adelaide. He managed a business with 800 customers, $27 million of revenue and 24 staff in his team.

In 2006 there was some restructuring...