Hats off to the former investment banker and Lendlease chief executive Steve McCann, who has once again shown us he can negotiate a deal.
McCann is set to collect $15 million cash for two years’ work running a bombed-out casino owner. That’s $15 million practically risk-free to be chief executive of a $1.3 billion small cap that makes about $170 million in earnings a year.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
