CHIEF EXECUTIVE OFFICERS – DISMISSAL OF – AUSTRALIA

Guthrie’s $800k go-away payment

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Original article by Lilly Vitorovich
The Australian – Page: 3 : 27-Nov-18

The ABC has confirmed that former MD Michelle Guthrie received a termination payment when she was sacked in September. Although the ABC would not state the amount Guthrie received, a newspaper has confirmed that she was paid $800,000. Guthrie, who has filed an "adverse action" claim against the ABC in the Fair Work Commission, said at the time of her dismissal that there was no justification for it, and that she had been "devastated" by the ABC’s actions.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. FAIR WORK COMMISSION, JOHNSON WINTER AND SLATTERY

Myer in disarray as CEO axed

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Original article by Eli Greenblat
The Australian – Page: 17 & 20 : 15-Feb-18

Listed department store group Myer Holdings has sacked CEO Richard Umbers after issuing its third profit downgrade in less than 12 months. However, executive chairman Garry Hounsell says the group will persist with the "new Myer" turnaround strategy that Umbers launched in 2015, despite the fact that its targets have not been met. Major shareholder Premier Investments has renewed its criticism of Myer in the wake of Umbers’ departure, and argues that the entire board needs to be replaced.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV, TPG CAPITAL LP