The corporate regulator has formally opened an investigation into online retailer Kogan after two of its most senior executives including founder Ruslan Kogan struck a profitable options deal with the board, enriching them collectively by more than $17 million.
The Australian Securities and Investments Commission is looking at the board’s treatment of so-called retention options for chief executive Mr Kogan and chief financial officer David Shafer, which were issued in 2020 and paid out on April 4.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
