More depressingly insightful analysis. However, I hear its not just “jobs for the boys” but that the company also pays for hobbies too. Word is, albeit second hand (not verified) that the company pay amounts around $100k every year for a cycling team – why? Because Mr Lamond and the CEO of Aqura both enjoy a cycle. Although maybe its all part of the “strategy” that Mr Lamond is leading, part time, when he’s not on his bike.
Ann: Veris 1H FY20 Results Presentation, page-62
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