3 minute read.

On 1 April, Toll Group CEO Thomas Knudsen sent a message to all employees at 5.40pm local time.

Part of it was leaked to the press: In a story headed “Toll Group CEO takes 40% pay cut” (link), The Australian Financial Review (AFR) last week reported that:

“Knudsen, will take a 40% pay cut for the next six months and move some staff to a four-day week, as the logistics group struggles with the loss of business from big retailers shutting down stores ...

Subscription Required

In order to view the entire article please either register an account and subscribe or login with a valid subscription below

Please Register

Please either or click register below to continue Register