Earlier this month, BusinessDesk asked Steel & Tube’s chief executive, Mark Malpass, whether he would quit. It’s a fair question. Since Malpass was appointed, the stock price has collapsed by 83%. It’s a logical question, one so blindingly obvious it might startle those who aren’t accustomed to the strange complacency of New Zealand shareholders. The stock is down 83%. As of writing, the company is worth just a hair more than Asset Plus, a company that owns precisely one building. Incentive versus...
Business · New Zealand
Steel & Tube CEO's Compensation Under Scrutiny Amidst Stock Decline
Steel & Tube's chief executive, Mark Malpass, faces questions about his tenure as the company's stock price has fallen significantly since his appointment.
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