Glenn Rufrano has come a long way since pocketing $US600,000 ($715,400) a year to run US property mob New Plan Realty.
New Plan was bought by Centro Property Group during Andrew Scott's debt-fuelled empire-building spree, and Rufrano got the call-up when Scott's plan went up in smoke.
These days Rufrano is a liquidation specialist, trying to sell Centro's assets before the bankers pull the life-support plug. But why hurry? After all, it's a profitable little earner.
Rufrano pocketed $3.6 million for the year. And while shareholders watched their once beloved stock turn into a penny dreadful, Rufrano even managed a $1.8 million special bonus just for hanging around.
His total kitty wasn't far off Scott's final $4.4 million that included a thoroughly well-deserved $3 million kiss-off.
Perhaps when the Centro ride finally comes to an end, Rufrano will be looking to head back to the US. And after a successful stint in the liquidation business, he could get a job running the original New Plan assets. Might even manage a pay rise.
A bit like former Centro bean-counter Romano Nenna, who pocketed a pay rise during Centro's stellar year, earning $485,000, before jumping ship in March with an $864,000 kiss-off.
CNP Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
