Letter: Solid Energy bosses should repay bonuses
The near failure of Solid Energy and the resulting decimation of shareholder equity raises serious concerns about corporate governance and stewardship.
Bonuses were paid to executives when the wheels were about to fall off the coal cart. In the new age of accountability, we'd expect a clawback of bonuses paid in the preceding two years. No doubt the former chief executive will do the honourable thing and dip into his pocket book.
Lower Hutt [abridged]
The Dominion Post