Chanticleer
Star pays through the nose for a bit of McCann magic
The gaming group’s new boss held all the cards in negotiating his arrival. Now shareholders need him to negotiate as effectively on their behalf.
Hats off to the former investment banker and Lendlease chief executive Steve McCann, who has once again shown us he can negotiate a deal.
McCann is set to collect $15 million cash for two years’ work running a bombed-out casino owner. That’s $15 million practically risk-free to be chief executive of a $1.3 billion small cap that makes about $170 million in earnings a year.
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