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Oliver Mander: Shareholders' Association Chief Executive on the Warehouse's CEO's pay-out eclipsing falling shares

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Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’ 
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There's concerns that the Warehouse's top level salaries don't match the company's declining performance. 

The Warehouse Group's shares fell to a record low of $0.97 after forecasting earnings would fall at least 64 percent year-on-year.

Former chief executive Nick Grayston was paid $2.79 million, out-earning his retail counterparts in the 2023 financial year.

Shareholders' Association Chief Executive Oliver Mander unpacks this further.

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