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Backing for Marks payout to keep Nine's rivals at bay

Max Mason
Max MasonSenior courts and crime reporter

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Activist shareholder Stephen Mayne says the Nine board should consider giving outgoing chief executive Hugh Marks a generous exit package on the condition he would not be able to work for competitors for two years.

He also called on the Peter Costello-led board to comment on the relationship between Mr Marks and former senior executive Alexi Baker, who resigned on October 1 so the pair could pursue a relationship.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/marks-payout-backed-to-keep-nine-s-rivals-at-bay-20201116-p56evq