AUSTRALIA: Poor performance of Goodman Fielder means execs miss out on bonuses
The poor performance of Australian food group Goodman Fielder during 2000/2001 has meant that two of the firm's senior executives have missed out on annual bonuses worth in total around A$730,000 (US$363,000). Goodman's CEO, David Hearn, was in line for an incentive payment of A$450,000. The company's underperformance meant that he missed out however, and his total pay packet for the year came in at A$1.55m including other benefits and superannuation. Last year, he picked up A$1.84m.
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