LNG 0.00% 4.3¢ liquefied natural gas limited

Ann: LNG Limited extends Meridian LNG Offtake Agreement, page-35

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  1. 833 Posts.
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    Siv it's the Non Executive Directors (NED's) that took a 20% cut in their compensation. As for Key Management Personnel (KMP), their Short Term Incentive (STI) compensation was up the following % on their on their base salaries:

    CEO - 60% of base salary
    COO (Chief Operating Officer) - Up 40% to 35% of base salary
    CFO - (Chief Financial Officer) - Up 20% to 30% of base salary
    CDO - (Chief Development Officer) - Up 20% to 30% of base salary
    Joint Company Secretary - Up 20% to 30% of base salary

    All get Long Term Incentive (LTI) Rights of 60% plus 40% retention rights

    As far as executive's purchasing shares,

    The CEO has to own 5 times his base salary worth
    The COO, CFO, CDO and other executive officers all have to own 2.5 times their base pay

    Seems to me there might be too many Chiefs and not enough Indians

    And none of them seem to be doing too much, after all, Maggy is basically on care and maintenance, which means shooting any alligators that are on site and not getting bitten by the fire ants when they're there shooting the alligators!!!!
 
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