Business Services Industry
Fairfax shareholders asked to approve new CEO performance bonus.
Australasian Business Intelligence, November, 2005
Nov 10, 2005 (Mediaweek - ABIX via COMTEX) -- Fairfax shareholders have been asked to approve a performance bonus scheme for new
CEO, David Kirk. The bonus includes a payment of up to 150 of his $1.2m base salary, one third of which will be paid to him as company shares. Fairfax said Kirk's bonus payment will depend on achieving crucial financial outcomes against year-on- year performance as well as staff development, readership and market share, growth and circulation. Formerly the CEO of printer PMP and New Zealand Rugby All Blacks
captain, Kirk will take over as CEO on 21 November 2005. Shareholders will vote on the pay decision on 18 November. The move comes...
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