Business
How an email cost former QBE boss Pat Regan $10 million – Sydney Morning Herald
QBE’s chairman Mike Wilkins has set a new high water for responding to code of conduct breaches.
Not only did Regan depart immediately after the board had seen the results of a legal investigation into the incident that had been reported by the female staffer, but on Wednesday he was paid out just over $300,000 plus legal entitlements like holiday and long service leave.
That might not seem like a penance to most, but in the corporate world this is a pittance for an executive that last year earned $4.4 million.
And as for the amount he was forced to leave on the table in share rights – th…
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