Hang on mate, I did say it is not his fault.
But basically, not only is he getting issued 3 million Options, he also gets a year salary if the company gets taken over. You don't consider that double dipping?
Not only would one of these guys walk out with 650 Thousand dollars for being terminated, they walk out with performance rights and options for doing it! Basically if this company gets taken over our CEO's can walk out multi-millionaires (if they are not already), but we are resigned to accepting that any offer could be not as high as we hope.
Then and I have ZERO doubt over this, the meeting where they advise to take the offer will be the same one where they demand more performance rights for organising the deal!
How about we DO NOT pay them the termination fees and they keep their jobs until they set us all up? More motivation for them as far as I can see it.
Ann: Notice of Annual General Meeting/Proxy Form, page-89
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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