Business
Coonan accepts $2.5m to put Crown through rehab – The Australian Financial Review
The $6.9 billion casino giant scraps its dividend and Mary Manos, general counsel and company secretary, resigns.
I did not take this position lightly but the board concluded the approach would provide leadership, stability and certainty at an important time, Ms Coonan said.
Let me be clear: I do not see myself as executive chairman for an extended tenure.
She emphasised it often took months to replace CEOs and indicated the company would need to find three new board members who would need to pass probity tests after Guy Jalland, Michael Johnston and Andrew Demetriou resigned last week.
Ms Coonan did not rule…
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