'Super salary' on offer, court told
Diversified closed down after its funds were sold to Fisher Funds Management and director Vicky Watson took a job there.
But she and the firm’s other director, Norman Stacey, disagree on the circumstances surrounding the sale. That has now culminated in a High Court case in Auckland.
Taking the stand on Friday, Stacey said he thought the salary Watson was offered by Fisher Funds was unusually high.
“It was approximately twice the salary that we were currently being paid and just from my general knowledge of salaries for financial advisers in the market place, I think our salaries were about market, they seem to range between $80,000 and $120,000 for senior advisers,” he said.
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