16 Jan. 2007

Heckuva Job, AWB

AWB execs get $1.25m termination payout:
Former AWB international sales manager Charles Stott received a $781,752 termination payment when he stood down on June 15 last year, it was revealed in AWB's annual report on Wednesday.

Mr Stott is one of 11 former AWB executives facing possible fraud-related criminal charges for allegedly deceiving the United Nations and the federal government over the $290 million in kickbacks paid to Saddam Hussein's regime.

Mr Stott received total remuneration, including his cash salary, the payout and superannuation benefits, of $1.36 million, according to AWB's annual report for the year to September 30, 2006.

Another executive singled out for investigation by the Cole inquiry, AWB's senior in-house lawyer Jim Cooper, received a $468,063 termination payment as part of a total remuneration package of $643,092...

Former AWB managing director Andrew Lindberg, who resigned last February but was cleared of any wrongdoing by the Cole inquiry, received a $1.43 million termination payment, bringing his total remuneration for 2006 to just over $3 million.