Peter Costello will walk away with $420,000 worth of Nine Entertainment shares but no entitlements after nearly 11 years on its board – eight of those as chair – after
The salary for Nine’s chair position, which will be taken up by deputy chair Catherine West, ranks above the median chair salary in Australia, according to data compiled in March byHowever, it remains some distance behind the chair’s pay at the likes of Qantas and Telstra , which both have appointed new chairs in the past 12 months.
On Monday morning, Costello was seen leaving the house alongside his son, Sebastian Costello, a television and radio journalist at Nine.The Nine board and executive team have declined to comment publicly on the resignation, but some told this masthead that work to repair the relationship between both must now begin.Liam Mendes at Canberra Airport. In the video, Mendes falls to the floor and accuses the former federal treasurer of assault.
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