Business & Finance / 13 September 2024
On ya bike, Mike
After a pretty bruising 2024, Mike Sneesby – the boss of Nine Entertainment, the country’s largest commercial media organisation – has called time after 3.5 years in the top job. It’s been one of the “most challenging” years of his career, he said – that’s one way of putting it after Nine’s share price dive, strikes, and harassment allegations levelled against the broadcaster’s former news director. Oh, and the company’s chair Peter Costello also stepped down after a run-in with a journo at Canberra Airport… The company’s finance chief Matt Stanton will hold down the fort as a global search for a new boss commences. Sneesby might be dreaming of an exit package like former Qantas chief Alan Joyce following yesterday’s disclosure that he was paid $3.4 million for his last 2 months in the job. That’s a pay rate of $38.80 for every minute of that time…
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