QBE’s outgoing CEO stands to lose millions
The departing chief executive officer of insurance giant QBE is set to lose around AU$10 million (around $7.2 million), after a complaint by a female employee triggered his shock exit last week.
The insurer revealed the financial arrangements of former CEO Pat Regan in a statement to the Australian Securities Exchange (ASX) on Wednesday, which includes “payment of AU$310,000, in lieu of a reduced notice period, plus his statutory leave entitlements.”
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