On the Money

On the Money: Eroad, the Warehouse, Chris Castle and more

Victoria Young
Sat, 16 Apr 2022

On the Money: Eroad, the Warehouse, Chris Castle and more
Steven Newman has left Eroad. (Image: Supplied)
Victoria Young
Sat, 16 Apr 2022
How to lose $16m in a weekEroad founder Steven Newman’s exit came out of the blue, stunning investors who sent the share price tumbling near a two-year low.For Newman himself, the decision to abruptly walk away comes with a hefty price tag: his $737,000 salary was almost twice the $389,000 he pocketed in Eroad’s first year as a public company. Newman’s 15% stake in the fleet management company was worth $41.8 million at the end of trading on Wednesday, having been worth $57.6m before the Friday reveal. Havi...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
A2 shares plunge over FDA formula deferral
Staff reporters | Wed, 10 Aug 2022

A2 shares dropped 11% to $5.01 in early morning trading opened but made up a bit of lost ground by the end of the day.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).