Aussie industry's $2M-dollar- man

Posted 7 June 2024 PM

Sigma is clearly intent on keeping its CEO on board and news that shareholders had agreed to pay Vivek Ramsunder a handsome retention bonus worth up to $2 million was our top story this week.

Under the deal Ramsunder is eligible for a payment of $1 million in December this year. A second retention payment of $500,000 is scheduled for 12 months later but if the company's proposed merger with Chemist Warehouse falls over, the deal becomes even sweeter with the second payment to increase to $1 million. With such a big sum, however, not everyone was happy and the vote went down to the wire. Find out just how close it was in: Aussie boss paid up to $2M to stay

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