SBM 0.00% 23.5¢ st barbara limited

st. barbara prevails over ex-ceo eshuys

  1. 1,559 Posts.
    --Victorian Supreme Court Judge Stephen Kaye has ruled that gold producer St Barbara made the correct assessment in refusing to pay its former chief executive Ed Eshuys more than A$150,000 in exit fees. Mr Eshuys launched a A$1 million lawsuit against St Barbara, claiming that the company should have taken into account losses amounting from repeated failures to hit performance targets in calculating his exit fees. But Justice Kaye found that Mr Eshuys also carried responsibility for the missed goals.

    http://www.reuters.com/article/2011/04/06/digest-australia-business-idUSL3E7F637B20110406?pageNumber=2
 
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