Three Waters Chief Execs’ Golden Handshakes Equal to Almost 11x Median Salary

Responding to news that two Three Waters Chief Executives have received a combined $710,000 in redundancy payments, Taxpayers’ Union Policy and Public Affairs Manager, James Ross, said:

“Golden handshakes worth almost 11 times the annual median wage combined after just 10 months of work are just one example of a culture of waste in Wellington. Bureaucrats continued to sign away vast sums of taxpayers’ money well after it became clear unpopular, divisive mega-projects like Three Waters and Let’s Get Wellington Moving would be scrapped.

“Public sector fat cats already earning almost 4.5 times as much as an MP should not be entitled to enormous redundancy payments straight from the back pockets of hardworking Kiwi taxpayers.”