AUSTRALIA: Golden goodbye for Eck despite heavy profit drop at Coles Myer
Dennis Eck, formers CEO of retail giant Coles Myer , has left the firm with a bursting goody bag despite watching profits crumble while the group was under his wing. An early termination fee worth A$4.9m (US$2.45m) was provided on top of his A$3.65m salary for the 2000-01 year. He also walks away with an extensive shares portfolio and a five-year consultancy deal with the retailer.
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