Borat ..not sure if you noticed the new pay increase for Mr.Sigalla....he's gone from AUD120k to USD520k with the living allowances + +.
So while AS salary gone 400% ++.... the SP is heading down 400% --
Thats not what you call responsible management.....and having interests aligned with shareholders!
I'd love to talk to one of these Independent Remuneration specialists and see how they come up with the crap that justifies that!
From the Annual...
Andrew Sigalla – Executive Chairman (after balance date, reviewed by independent remuneration specialist and lawyers for the board).
• Fixed Term: 3 Years
• Agreement Commencement Date: 1 August 2008
• Remuneration package of : US$400,000
• Entitlements:
o Overseas living allowance US$10000
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