To Paperlinx where in the six years since
Paperlinx CEO Mr Tom Park's appointment ,
the share price has dropped by a staggering
90%.
In total, CEO remuneration over the last
five years has been $14.3m, for the financial
year ended 30 June 2010 Paperlinx reported
a $225m loss, and Mr Park collected a
$926,000 short-term bonus.
In addition, his golden handshake for turning in this overall performance, per the terms of his contract,
is $1.8m, representing one year's fixed
salary.
We note that Mr Park is no stranger
to golden handshakes.
In 2001 after five months as CEO of Southcorp, he took
home $7.8m when the company appointed Keith Lambert as CEO, and in 2003 after 18 months as the CEO of Goodman Fielder, he collected $2.5m when the company ceded control to Burns Philp.
'EQUITY' magazine, NOV 2010 VOL 24 #11, page 17
To Paperlinx where in the six years sincePaperlinx CEO Mr Tom...
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