Rem Report

Above Target

Nine people run the company. Two have their pay disclosed. Last year those two cost $3.97 million, and the bonus paid 133 per cent of target. Four measures cleared it. The fifth asked the staff, came back nil, and was never printed. Next year’s award is three times the usual, and the annual grants return before it finishes. Shareholders have been shown the pieces. Not the sum. Page 20 is headed Diversity and Inclusion. The camera finds what it is pointed at. In 2023 the page said the salaries were pegged. The peg has not been telegraphed since. In John Linton’s day, Colombo hired graduates only. Now there is fruit and nuts on Mondays and Wednesdays.

Part 1 of 2

Distress, Converted

Ryan Tan · 11 min

Part 2 of 2

Page 20, Read

Ryan Tan · 21 min