Teleincome. Charity begins at phone, company profit down 45%, need help to pay my $5 mill bonus. 27 August 2009

Teleincome. Charity begins at phone, company profit down 45%, need help to pay my $5 mill bonus. 27 August 2009
Date
2009
Reference
DCDL-0012125
Description

Shows Telecom CEO, Paul Reynolds, sitting in the street with a begging bowl and holding a notice that reads 'Charity begins at phone - company profit down 43.9%. Need help to pay my $5 mill bonus'.Behind him is the 'Telecom' branding name and beside the cartoonist's signature is the name 'Dr Paul-per Reynolds' which is a play on the word 'pauper'. Refers to the fact that Telecom reported a 43.9 per cent fall in full year net profit to $398 million. In spite of this fall in profits, Telecom will pay chief executive, Paul Reynolds, his full performance bonus. Reynolds' total package will amount to more than $5 million - a new record for a chief executive of a New Zealand public company.

Alternate version of DCDL-0012126

Quantity: 1 digital cartoon(s).

Use/Reproduction
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Access restrictions
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Part of
Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers
Format
1 digital cartoon(s), Works of art, Digital images, Cartoons (Commentary)
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Teleincome. Charity begins at phone, company profit down 45%, need help to pay my $5 mill bonus. 27 August 2009. Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers. Ref: DCDL-0012125. Alexander Turnbull Library, Wellington, New Zealand. /records/23157212

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