Adam Rytenskild has told the court he was blindsided by the claims given he was not interviewed by the law firm engaged by his ex-employer Tabcorp and was forced by the board into resigning “in a panic” despite denying he did anything wrong.
Tabcorp’s disgraced ex-boss Adam Rytenskild has told the Fair Work Commission he was forced into resigning by the wagering company in March for allegedly making vulgar comments towards a female regulatory official eight months earlier.
Rytenskild said he resigned, “in a panic” on March 14 because the board had made it clear that he had no other option other than being sacked, irrespective of his denials of the alleged comments. Rytenskild, who had 24 years at Tabcorp, was paid out for a six-month notice period following his resignation in March, which amounted to $750,000, half his base salary of $1.5 million. He forfeited between $5 million and $10 million in unvested shares and options. He has also foregone bonuses that could have doubled his earnings to $3 million a year.
The court also heard a series of WhatsApp messages between Rytenskild and his wife, AGL’s chief people officer Amanda Lee, ahead of his resignation where she cautioned him to not sign anything and to ask for input in the way his departure would be communicated to the public. Lee responded: “we need to protect you. I’m working on your story. Do not sign anything without legal advice.” She also said, “we need a story to minimise damage to you”.
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