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

On the hunt for Du Val founders’ ‘missing’ jewellery
Property

On the hunt for Du Val founders’ ‘missing’ jewellery

Du Val's founders have been ordered to hand more jewellery items to receivers.

Maria Slade 11 Feb 2025
Top NZ financier's plan for more public infrastructure
Finance

Top NZ financier's plan for more public infrastructure

The proposals avoid stale privatisation and capital gains tax arguments.

Pattrick Smellie 10 Feb 2025
PE eyes Fletcher's Oz assets as NZ investor hunt stalls
Infrastructure

PE eyes Fletcher's Oz assets as NZ investor hunt stalls

Investment bank is understood to have halted the search for residential investors.

Act would 'support selling' Crown stake in Chch Airport
Infrastructure

Act would 'support selling' Crown stake in Chch Airport

The Crown owns 25% of the airport. Seymour says it's not core Government business.

Oliver Lewis 07 Feb 2025