28 Aug 2012

Final payment to Reynolds revealed

7:04 am on 28 August 2012

The final payment to former Telecom chief executive Paul Reynolds, has been revealed.

In Telecom's annual report, Dr Reynolds, who left at the end of June, received nearly $8 million in base pay, short term incentives, special payments and a termination payment of $1.75 million.

He also receives performance rights and incentive performances shares that will be paid later.

Dr Reynolds will have received well over 20 million for his five years in charge of Telecom.