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Speaker 1: I just want to talk quickly about the outgoing boss

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Speaker 1: of Kayinger Order and his three hundred and sixty five

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Speaker 1: thousand dollars payout to leave the job. No surprise at all,

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Speaker 1: But the tone that's been taken on this is that

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Speaker 1: the payout is massive, mega, eye watering. No it's not.

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Speaker 1: It absolutely is not. That is not a big payout

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Speaker 1: for a CEO that I mean, frankly, that's six months

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Speaker 1: of his salary. That's not a lot. When Tony Gibson

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Speaker 1: quit the Ports of Auckland, he was on eight hundred

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Speaker 1: and twenty thousand dollars a year, which is not that

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Speaker 1: much more than the boss of KO was on. He

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Speaker 1: got a payout of a million bucks. Kevin Kenrick when

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Speaker 1: he left TV and Z was on a salary of

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Speaker 1: five hundred and sixty thousand dollars, which is less than

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Speaker 1: the boss of KO, he got a payout of two

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Speaker 1: million bucks. Now, it's not always apples and apples, I

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Speaker 1: can see that. I mean, there will always be weird

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Speaker 1: little payments that are bespoke to the ce this particular CEO,

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Speaker 1: like holiday pay and bonuses and stuff like that. But

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Speaker 1: the point I'm trying to make is that a payout

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Speaker 1: for a CEO of only half their salary at three

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Speaker 1: hundred and sixty five thousand dollars. Is us getting away

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Speaker 1: lightly to get rid of the guy. And that is

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Speaker 1: obviously what happened here. It's pretty clear he didn't want

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Speaker 1: to quit. He didn't wake up the other day and go,

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Speaker 1: I'm not really enjoying the job anymore. I think I

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Speaker 1: might I think I might might give it up. No,

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Speaker 1: what happened is that Simon Mooter, the new chair, sat

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Speaker 1: him down and obviously told him, you need to quit.

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Speaker 1: You didn't even try to deny that on the show

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Speaker 1: yesterday when I put that to him. If you're basically

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Speaker 1: going to fire somebody at CEO level, you need to

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Speaker 1: be prepared to pay. And frankly, this is small change

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Speaker 1: to get that job done. Now. As for this nonsense

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Speaker 1: about him being given redundancy because of the scope of

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Speaker 1: his job had changed and what, that's just nonsense. That's

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Speaker 1: just absolute bs. The fact of the matter is that

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Speaker 1: to technicality that they used to get rid of a

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Speaker 1: CEO they didn't want anymore because he had to go,

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Speaker 1: and he did have to go because he ran an

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Speaker 1: organization that refused to evict thugs who were terrorizing their neighbors,

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Speaker 1: that ran up huge amounts of debt, that bid and

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Speaker 1: paid way more than market value for properties around the country,

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Speaker 1: and that frankly, had lost the confidence of the public. Now,

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Speaker 1: I do not want to have to spend four hundred

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Speaker 1: thousand dollars of taxpayer money on something like this. I

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Speaker 1: can think of way better ways to spend that money,

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Speaker 1: but to get rid of a CEO who so obviously

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Speaker 1: had to go, I reckon we got away lightly. For

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Speaker 1: more from Hither Duplessy Allen Drive, Listen live to news

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