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.

LISTEN ABOVE

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.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Friday 27 September.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Friday 27 September. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 27 September 2024 

The Dunedin Mayor says he is expecting thousands of people to protest tomorrow over a proposed downgrade for the city's new hospital. 

The Government has asked Health New Zealand to cut costs - after an independent review found it's hurtling toward an overspend. 

Mayor Jules Radich says he is urging the community to march against what amounts to clinical cuts for the critically needed facility. 

He told Heather du Plessis-Allan the Government must re-engage in contract negotiations. 

Radich says he believes the project can be completed if prices are brought back within reason, as the piles and plans are all done. 

LISTEN ABOVE

The Dunedin Mayor says he is expecting thousands of people to protest tomorrow over a proposed downgrade for the city's new hospital.&nbsp;
The Government has asked Health New Zealand to cut costs - after an independent review found it's hurtling toward an overspend.&nbsp;
Mayor Jules Radich says he is urging the community to march against what amounts to clinical cuts for the critically needed facility.&nbsp;
He told Heather du Plessis-Allan the Government must re-engage in contract negotiations.&nbsp;
Radich says he believes the project can be completed if prices are brought back within reason, as the piles and plans are all done.&nbsp;
LISTEN ABOVE

Jules Radich: Dunedin Mayor talks mass protest against proposed cutbacks to new hospital

The Alliance Group says a drop in our livestock numbers is behind a proposal shut a Timaru meatworks. 

It's called an all-staff meeting today to announce a proposal to close its Smithfield freezing works.

It would stop sheep meat, calf, and night shift venison processing after this season, and remaining venison at the end of the year, at the latest.

Group chair Mark Wynne told Heather du Plessis-Allan there's been a change in how farmers are using their land.

He says the fundamental reason is declining livestock and in particular sheep - and the flow on effect that is has on the processing industry. 

LISTEN ABOVE

The Alliance Group says a drop in our livestock numbers is behind a proposal shut a Timaru meatworks.&nbsp;
It's called an all-staff meeting today to announce a proposal to close its Smithfield freezing works.
It would stop sheep meat, calf, and night shift venison processing after this season, and remaining venison at the end of the year, at the latest.
Group chair Mark Wynne told Heather du Plessis-Allan there's been a change in how farmers are using their land.
He says the fundamental reason is declining livestock and in particular sheep - and the flow on effect that is has on the processing industry.&nbsp;
LISTEN ABOVE

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

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