$200,000 per month for stand-in Fairfax Media boss Greg Hywood
Fairfax Media has revealed that it is paying acting chief executive Greg Hywood $200,000 a month to babysit the company while it seeks to make a permanent appointment.
The company discloses the numbers under ASX rules, saying the maximum term of the contract is six months.
According to the agreement, Hywood will return to the board as a non-executive director after his stint at the helm comes to the end.
However, Hywood remains the favourite to take on the role on a permanent basis following the dramatic departure of boss Brian McCarthy earlier in the month.
Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.
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Good value when you compare it with what Brian McCarthy was paid.
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