Robinsons got pay rise in year when Rakon shares tumbled, annual report shows

Fri, 22 Jun 2012

June 22 (BusinessDesk) - Rakon managing director Brent Robinson and marketing director Darren Robinson got pay rises last year even as the shares more than halved in value and the company continued its policy of not paying dividends. Brent Robinson’s remuneration rose 6.7 percent to $846,573 and Darren Robinson received an 8 percent increase to $691,800in the year ended March 31, according to the annual report. Shares of the Auckland-based company, which makes crystal oscillators used in navigation systems and smart phones, fell 4.6 percent...

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