Business
Cleanaway CEO loses $2.3m grant, bonus cut linked to behaviour issues – The Australian Financial Review
Vik Bansal stands to lose a further $2.3 million as Cleanaway withdraws the granting of performance rights following revelations of a bullying probe.
Cleanaway’s full-year financial accounts, released late last month, showed Mr Bansal had “offered to forgo” his short-term incentive bonus “due to COVID-19-related challenges faced by the group” and that the board had “agreed to reduce” his short-term bonus by 25 per cent.
On Thursday, however, the company broadened out its explanation for the bonus cut. “The reduction was due to COVID-19 related challenges faced by Cleanaway including the financial impacts of COVID-19, the operational challeng…
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