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AWB executives receive $1.25m pay-outABC NewsJan. 17, 2007 |
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 AWB executives receive $1.25m pay-out Wheat exporter AWB has awarded termination payments totalling $1.25 million to two former executives facing possible criminal charges over the oil-for-food scandal. The details are contained in the company's annual report, released today. AWB's annual report details the salaries and payments made last year to its current and former senior executives. The Cole inquiry last year identified 11 former AWB employees who could face charges over the Iraq kick-backs scandal. The report shows that two of the executives involved were paid more than $1 million in termination payments when they left the company. AWB's former international sales manager Charles Stott was paid about $780,000 when he resigned. Including his salary and superannuation, Mr Stott was paid a total of $1.3 million last year. The termination payment for AWB's former in-house lawyer Jim Cooper was nearly $470,000. |
