Forum Archive Index - October 2001

["noel.parker" <noel.parker@xtra.co.nz>]

Thanks, Mat.  The point we are trying to make is that management are taking the rewards even though shareholder value is not increasing.  In the case of Air New Zealand,there has, of course, been massive loss of capital and shareholder value, the future profitability of the airline industry is uncertain, particularly in view of recent tragic events, and yet the CEO and other top management are paid and retain significant bonuses.