Snowy Hydro 2.0 executives awarded bonuses totalling $751,925 despite cost blowout

Executives at Snowy Hydro 2.0, a renewable energy company in New South Wales, received bonuses totaling $751,925 despite a significant cost blowout on one of their projects. This means that despite the financial issues, the company's executives are still being rewarded for their work, which could be seen as a mixed message about the company's priorities. The situation raises questions about accountability and whether bonuses should be tied to project performance.

Why it matters

The cost blowout and bonus payments to executives may damage the company's reputation and lead to a loss of investor confidence. This could negatively impact the company's stock price and the overall market sentiment.

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