Dr Mumbo

Greg’s $1.2m belt tightening

The Australian reports that Fairfax Media boss Greg Hywood has taken a voluntary cut to his bonus and only received a salary of $1.178m over the last year.

The article predicts: “Mr Hywood’s offer is likely to win him plaudits from Fairfax staff at a time of ill feeling and low morale.”

Dr Mumbo won’t hold his breath for the plaudits.

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