‘It doesn’t look that way’: Can Sneesby and the Nine board get on the same page?
As Nine deals with an external investigation and reports that Mike Sneesby is losing favour with the network’s board, speculation has now turned to whether the CEO’s position is still safe.
On a new episode of the Mumbrellacast, editor Neil Griffiths and publisher Adam Lang discussed the controversy surrounding the media giant, which was sparked by claims of “alleged inappropriate behaviour” by former news boss Darren Wick last week.
Since then, Nine has launched an external investigation, and on Monday, a Nine spokesperson confirmed that Sneesby signed off on an almost $1 million payment to Wick upon his retirement, saying Nine chair Peter Costello and the board “did not sign off on the settlement with Darren Wick; it was handled within our governance processes”, further clarifying, “Mike Sneesby signed off on it”.
Speaking on the podcast, Lang said both the Nine board and Sneesby should be unified on the matter, but that there is clearly “some splintering” given that the $1 million payment to Wick was only signed off by Sneesby.
