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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7690808c-d813-4d52-8f75-b19a008d36fe/transcript

Luke Metcalf is poised to leave the Warriors.

The NRL club have confirmed they have agreed to a request from Metcalf's management to talk with other clubs.

It's unclear whether they would allow an immediate release for the halfback, who only re-signed until 2028 late last year.

Sportstalk host D'Arcy Waldegrave explained further.

LISTEN ABOVE

Luke Metcalf is poised to leave the Warriors.
The NRL club have confirmed they have agreed to a request from Metcalf's management to talk with other clubs.
It's unclear whether they would allow an immediate release for the halfback, who only re-signed until 2028 late last year.
Sportstalk host D'Arcy Waldegrave explained further.
LISTEN ABOVE

D'Arcy Waldegrave: Sportstalk host on whether Luke Metcalf can leave the Warriors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9365996d-6e27-4e73-b2a1-b44800567dde/transcript

The Police Association says a new pay offer doesn't meet struggling officers' needs.

The union says they'd effectively get a 0.6 percent bump, with nothing for managers.

Police Association President Steve Watt says the impacted officers have found this offer 'tough' to accept, given the demands of the job. 

"We've asked for five percent, we understand that CPI is still to come out, but we understand that the CPI figure is going to be around that four to five percent. And the reality is, for our members, anything under CPI is essentially a pay cut." 

LISTEN ABOVE

The Police Association says a new pay offer doesn't meet struggling officers' needs.
The union says they'd effectively get a 0.6 percent bump, with nothing for managers.
Police Association President Steve Watt says the impacted officers have found this offer 'tough' to accept, given the demands of the job.&nbsp;
"We've asked for five percent, we understand that CPI is still to come out, but we understand that the CPI figure is going to be around that four to five percent. And the reality is, for our members, anything under CPI is essentially a pay cut."&nbsp;
LISTEN ABOVE

Steve Watt: Police Association President on the new pay bump being promised to officers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9483d8ac-96dc-4e09-99fc-b44800508915/transcript

The pressure on Sir Keir Starmer keeps ramping up in the UK.

Labour had a disastrous showing in local elections at the end of last week - a reflection of the Prime Minister's growing unpopularity.

The party lost a total 1500 councillors across England, with Nigel Farage's Reform UK party picking up steam.

UK correspondent Gavin Grey says Starmer is set to give a speech addressing the situation, but there's growing calls to replace him as party leader. 

LISTEN ABOVE

The pressure on Sir Keir Starmer keeps ramping up in the UK.
Labour had a disastrous showing in local elections at the end of last week - a reflection of the Prime Minister's growing unpopularity.
The party lost a total 1500 councillors across England, with Nigel Farage's Reform UK party picking up steam.
UK correspondent Gavin Grey says Starmer is set to give a speech addressing the situation, but there's growing calls to replace him as party leader.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent on Labour's poor showing at the local elections

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/46da396f-5227-406e-9e37-b4470088a85d/transcript

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

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips