managing directors of suspended companies are dealing with far less responsibility than listed companies. I’d say halving his salary would be an appropriate course of action. And cash bonuses?
do you know how hard it is for a suspended company to raise capital? This is a private equity situation now. If I ran a PE fund and were looking at this to finance, the price would be 10c or less, depending on the situation.
The risk demonstrated in the current title dispute makes this unfinanceable by any other means.
hence, extravagantly paying executives is tantamount to greed.
Is AVZ now the mining equivalent of Qantas?
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