Thecuriousmail’s Weblog

DING DING, ALL ABOARD THE GRAVY TRAIN!

Posted in Uncategorized by thecuriousmail on September 4, 2010

Rivercity Motorways, owners of the Clem7 tunnel in Brisbane (a toll road),

has announced a $1.67 billion loss as of the end of the financial year.

Their share price this year has gone from 30 cents per share to its current

2 cents per share.

What does RiverCity Motorways do???

Pay bonuses to its executives haha!

RiverCity Motorway chief executive Flan Cleary received the biggest bonus of $370,960.

Chief financial officer Christine Hayward received a $229,312 bonus.

Corporate communications manager Anthony Havers received a $189,013 bonus,  and engineering manager Colin Richmond also got a $189,013  bonus.

Former customer operations manager Teish Peterson, who resigned on June 15, was given a $115,326 bonus.

I’m sure these high-flyers are now certain to be head-hunted by the Queensland government!

Edit 28/2/11. Clem 7 tunnel goes into receivership. Weren’t those executives payed the bonuses

for doing such an outstanding job??  Hahaha. Will you never learn (?)

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