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19:43
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Originally posted by CarlosG:
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I'm not against performance rights as per se. In fact I would prefer that at least 50% of remuneration package was performance rights. But in this particular case 20% eps growth over the next 3 years is a joke. From 10.8cps it will give you just 18.6 cps whereas in the previous 3 years it was 52, 39 and 27cps. Revenue growth from a smaller base for the next three years 6, 8, 10% after 30-50% in previous years? And after that they are still consider themselves as a growth company and paying huge bonuses? I understand that this is minimum, but I do not think they should get millions of shares for such minimum. I wouldn't mind to give them double of that if in 3 years time they can beat previous year record. But this is just ...
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What were the performance targets during those years though - for comparison? Were there any?
(20min delay)