Ann: Annual Report, page-6

I was just wondering during these Covid times where there are so many people doing it tough, having lost their job or having their wage reduced to a Jobkeeper rate of $750 per week less tax. On top of that, you could have had the misfortune to invest in PAA when it's share price was between 18 and 21c and are now looking at a substantial paper loss, a loss that some holders may be forced to crystallise to keep their head above water.

Now, the recent appointment of Colin La Galia is one who attracts a salary of $187k per annum. He, no doubt is probably well worthy of that salary and probably more if he is really good at what he does. And this brings me to my point. La Galia's remuneration is also linked to the profit he can bring into the company and he will benefit substantially if he is successful.

I like this model, reward for effort. But, what do shareholders think when some current directors of PAA are likely to have their salaries increased dramatically if unapposed at the upcoming AGM on 25 October.

Directors Salaries:

Richard Mollard 2019 ($215k) Proposed 2020 salary $281k
Sam W 2019 $114k to $132k
Rob B 2019 $113k to $133k
Nev B 2019 $20k to $30k

Roger Aston remuneration unchanged.

Don't get me wrong, I firmly believe that staff need to be rewarded for effort and success but I think in this current environment and the state of the share price that their claims are unjustified