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

Wed, 11 Nov 2020

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...

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