westcoast expands to east coast, page-18

You may be right Kippax - MS and SC have done some good things for Suda. But guess what? THEY'RE MEANT TO !
That's their job. If they do not do it well, get rid of them and pay somebody else $250,000 p.a. to have a go.
If I do a good job at work I do not ask my employer to pay me twice. Nor do I earn four times the average Australian income, by the way. What I do though is buy Suda shares with my own after-tax earnings. I risk losing it all if Suda goes down the gurgler.
I do have a problem with members of boards double dipping.
ANY board, not just Suda. They are all at it.

1. Why expect a bonus simply by dint of being on a board? Nobody else expects a bonus just for doing their job, and doing it properly. Consider that there are a lot of people in our society doing hard, dirty jobs for comparatively low pay.
2. Most board members and executives earn much more than the average Australian income as it is and as such should accept that they are extremely well remunerated. Further, we do not know if they work 6 hours a week or 60 hours a week for their pay.
3. If board members and executives truly believe that they are worth a lot to a company then they should back their own ability by buying shares in the company they work for. If they believe their efforts are going to provide great benefits for the company then that will be reflected in the share price of the company and they as shareholders will benefit.

IF MANAGEMENT GENUINELY WANT TO "ALIGN THEIR INTERESTS WITH THOSE OF SHAREHOLDERS", THEY SHOULD BECOME SHAREHOLDERS IN THE SAME MANNER EVERYBODY ELSE DOES - BUY SHARES ON MARKET. USE YOUR OWN HARD-EARNED, AND TAKE THE RISK OF LOSING ALL IF YOU STUFF UP. WE RISK LOSING ALL IF YOU STUFF UP, SO WHY SHOULDN'T YOU?