8chan/8kun QResearch Posts (1)
#11351012 at 2020-10-30 01:17:20 (UTC+1)
Q Research General #14497: Joe Biden's catching Family History Edition
Under fire Australia Post CEO's big payday
The embattled chief executive of Australia Post could be in line for a $1 million payday if she is forced to stand down.
Scott Morrison's decision to "humiliate" Australia Post CEO Christine Holgate in Parliament over four Cartier watches could end up costing taxpayers over $1 million.
News.com.au has confirmed that Ms Holgate's employment contract stipulates she cannot be terminated without giving six months notice or being paid six months of her salary.
The CEO's base salary is $1.5 million - suggesting a minimum payout of $750,000 for Ms Holgate to walk away - but she has regularly earned over $2 million during her three-year tenure.
And to make matters worse, any golden handshake for Ms Holgate could climb even higher, with her employment lawyer noting that the Prime Minister had "humiliated" her by demanding in Parliament that she stand down or "she should go" with no legal basis.
The statement clearly implies Ms Holgate intends to pursue damages if she is forced to leave the business as a result of the fallout over the Prime Minister's demands she stand aside as CEO while an investigation is conducted into the purchase of four Cartier watches for $20,000.
"It is now exactly seven days since Ms Holgate was the subject of a humiliating answer during Question Time," Ms Holgate's lawyer Bryan Belling wrote.
"It is incumbent on the board to formally notify Ms Holgate that she has been stood down, and this notification must stipulate the grounds for this action."
Australia Post executives now believe there is little prospect of a "happy ending" over the affair with Ms Holgate now at odds with the Prime Minister and the Australia Post board who are insisting she agreed to stand aside in a verbal conversation last week.
In the most recent comparable case, former ABC managing director Michelle Guthrie ultimately reached a settlement with the national broadcaster for $1.64 million.
Ms Gurthrie was on a fixed-term contract, which Ms Holgate is not, but her annual salary of $900,000 when she was sacked by the ABC was substantially lower than Ms Holgate's annual remuneration.
https://www.news.com.au/finance/business/under-fire-australia-post-ceos-big-payday/news-story/35547845bb19f4403e3f0b08ec662148