The stupendous generosity of the Star Entertainment board towards would-be saviour Steve McCann has been duly noted.
This is a man receiving a $2.5 million cash salary, a $7.5 million sign-on bonus, a $2.5 million retention bonus (paid in FY26), and a no-hurdle, short-term incentive bonus worth $5 million at today’s (rock-bottom) prices. Even better, when Star invariably raises more capital, he has dilution protection.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
