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Laybuy board pushed on whether CEO’s pay is ‘morally acceptable’

Questions raised over share issue to founder Gary Rohloff and family in light of company’s poor performance.

Laybuy co-founders Alex and Gary Rohloff.

The board of buy-now, pay-later company Laybuy has been asked to explain how the issue of nearly 800,000 shares to founder and managing director Gary Rohloff is “morally acceptable” given his “outsized salary” and the business’s poor performance.

The ASX-listed company in May announced a

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Hamish McNicol Fri, 30 Sep 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Laybuy board pushed on whether CEO’s pay is ‘morally acceptable’
Investment,
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true