SOE Cheif's $1.72million pay-packet

[Imported from Whale Oil Beef Hooked on Blogger]

This guy makes Judy Bailey’s salary look damn small in comparison:

Dom Post reports on the $1.72million salary of Dr Keith Turner, CEO of SOE Meridian Energy.

He earns this much due to a $811,000 “golden handcuff” payment per annum, which makes him the highest earning SOE cheif by far. He earns more than double that of the second highest earning SOE cheif.

Dr Turner is a Director of Auckland International Airport Limited alongside the Chairman of Meridian Energy, Wayne Boyd.

Having met Dr Turner I can say he’s a nice guy and good at his job, but no employee of an SOE is worth $1.72million and the Meridian board should be shot.

Sounds like the new shareholding minister, 2nd term MP David Parker will be learning very quickly what answering questions in the House is like for a Minister whose portfolio is subject to controversy.


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