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Let’s hope Kennett is better at keeping himself across the numbers in his position as a director of Kerry Stokes’ Seven West Media and as chairman of another ASX-listed group, Equity Trustees. The dough being delivered to Domino’s top brass on Tuesday was definitely missing the usual toppings, which was fitting given the big miss on earnings . The short-sellers made a killing after the stock plunged as much as 13 per cent, to a low of $45.52, after the pizza maker failed to deliver on an earnings forecast - again. At least the investors can’t complain about executive pay not matching performance. Don Meij saw his remuneration plummet last financial year to $777,213 from $4.66 million the prior year. And keep in mind he forfeited all of his short-term incentives the prior year as a mea culpa for the franchise wages scandal. The remuneration drop last year included a negative $377,564 charge against his share-based payments. Domino’s said the “de-recognition” of this remuneration related to the board recognising that Meij and other executives probably won’t hit their EPS growth hurdle this year. Just as well Meij liquidated $50 million worth of stock last financial year. Domino’s chairman - and director of CBD publisher Fairfax Media - Jack Cowin, would have breathed a sigh of relief as the stock recovered during the day. His equity losses were as high as $158 million when the stock bottomed on Tuesday morning at $45.52 a share.
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Instead, he was a participant. The poker operation was said to be raking in more than $2,000 per day, offering poker players professional-quality dealers, waitresses, catering and security. A poker game on the night of Feb. 14, 2014 in Wichita drew the special attention of federal prosecutors. Years later, the game resulted in Mackey taking a plea deal that could see him serve up to three years in prison.
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