English criticises Super Fund CEO's pay rise, puts directors on notice

Mon, 20 Feb 2017

By Sophie Boot Feb. 20 (BusinessDesk) - Prime Minister Bill English has criticised the board of the New Zealand Superannuation Fund for lifting its chief executive's pay 36 percent last year, and suggested there could be a shakeup in how CEOs of the largest state entities are paid. At a press conference this afternoon, English said he was disappointed with the board's decision to lift Adrian Orr's salary over $1 million in 2016. As finance minister, English opposed the raise as "too large in the current economic climate" and suggested a 2...

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