Steve McCann’s big London trip

The stupendous generosity of the Star Entertainment board towards would-be saviour Steve McCann has been duly noted.

This is a man receiving a $2.5 million cash salary, a $7.5 million sign-on bonus, a $2.5 million retention bonus (paid in FY26), and a no-hurdle, short-term incentive bonus worth $5 million at today’s (rock-bottom) prices. Even better, when Star invariably raises more capital, he has dilution protection.