MRP senior managers in line for $1.2M in bonus shares

Wed, 15 May 2013

By Pattrick Smellie May 16 (BusinessDesk) - Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company's first disclosures to the NZX and ASX as a listed company show. Some $418,750 of that total will be owed to chief executive Doug Heffernan, assuming bonus benchmarks are met. Heffernan draws an annual base salary of $934,125 and earned a total of $1.49 million after bonus in the year to June 30 last year. Heffernan, MRP...

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