Enero boss sees pay rise to just over $1m, annual report reveals
Melhuish
Enero boss Matthew Melhuish saw his remuneration increase by $102, 707, pushing his yearly rate over the $1m mark, the company’s 2014 annual report has revealed.
The news follows the group posting a five per cent decrease in net revenue from $127.3m to $119.5m in its 2014 financial year results and a loss of $1.453m.
Melhuish’s pay rise from $939, 311 to $1.042m can largely be attributed to a doubled cash bonus on last year. According to the annual report he received a bonus of $200,000.
I’d want a million a year too to sort all that out too!
Seems to me that the only thing actually “moving forward” (Melhuish) is Matthew Melhuish’s pay; otherwise, revenue down, staff down, businesses down and losing money, but I guess as the share price is up, there is something they’re not telling us…
This explains the recycled toilet paper.