Ms Inman is expected to depart Billabong with up to $4.6 million after just over a year at the helm. She had a base salary of $1.3 million, with other short and long-term incentives as well as a termination agreement subject to board and shareholder approvals.
Analysts welcomed the buyout,
saying while it was costly - with shareholders diluted and the firm saddled with higher interest payments - it removed significant risk. |