Foran’s ‘big fat option package’: Air NZ boss’ share deal panned

Foran’s ‘big fat option package’: Air NZ boss’ share deal panned
Rebecca Stevenson
Simplicity founder Sam Stubbs says Air New Zealand chief executive Greg Foran should say no to his "big fat option package."He has written to the board of the airline on behalf of Simplicity’s Air NZ shareholders asking it to explain whether it had any discretion not to issue new shares to Foran and other executives.The airline has been criticised for issuing executive performance options after sacking thousands of staff and taking a Government-backed loan to prop it up after covid decimated global travel.The company told the NZ...

More Editor's Picks

Milking the Markets: Potential Mainland IPO taking shape
Primary Sector

Milking the Markets: Potential Mainland IPO taking shape

René Dedoncker and Paul Victor are racking up Airpoints this week.

Riley Kennedy 11 Mar 2025
Port retries fast-track bid after little blue penguin setback
Infrastructure

Port retries fast-track bid after little blue penguin setback

Port of Auckland is seeking consent for two major wharf projects.

Oliver Lewis 10 Mar 2025
Tech titans eye NZ's new golden visas
Policy

Tech titans eye NZ's new golden visas

Investors with tens of millions were 'priced out of the market'. Not any more.

Why Adrian Orr left now: a plausible theory
Finance

Pattrick Smellie: Why Adrian Orr left now: a plausible theory

Is the Government poised to free up restrictive bank capital requirements?

Pattrick Smellie 05 Mar 2025