Corporate Travel Management founder Jamie Pherous has blamed a dividend drought for offloading $31.5 million worth of shares in the business travel outfit.
The sale of Mr Pherous’s 1.5 million shares at $21 each, first revealed by Street Talk, means the Corporate Travel chief executive has now offloaded almost $100 million in stock since 2013.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
