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.

Advertisement