A practical lesson in the efficacy of board tilts.
Shareholders will be asked to approve a $2.34 million goodbye for the country's biggest insurer's former CEO Frank O'Halloran, as well as hundreds of thousands of dollars in directors' fees.
Frank O'Halloran, the former emperor of QBE, destroyed the insurer's balance sheet and left a big potential landmine behind in QBE LMI. For his trouble he was paid more than $58 million.
For almost a decade, Sydney-based insurer QBE has a market darling.
Despite a fight between Oscar broadcasters, the viewing figures were on the up. Plus, insurers have valued the Chilean earthquake at $8 billion, shipping news of the day and other business snippets.