Ann: Results of Meeting, page-10

Let's do the numbers.....

CEO Josh Fegan total take home salary, let's add it up (direct from the Annual Report)

$515,000 + $27,500 = $542,500 Salary + Superannuation
+ $60,411 Leave accrued
+ $60,833 STI paid in cash
+ $80,943 LTI (not lapsed)
+ $160,518 "relocation allowances"? What is this? How can this be "relocation" as he relocated to London during years ago? I don't think he is in Australia?

$905,205 TAKE HOME IN CASH.....I'll let that sink in, while we look at that as a percentage of market cap

$905,205 / $15,180,000 market cap - so he is taking home 6% of the company in cash each year and responsible for a loss of $13.75 million in the same year, or more than $1.1 million a month

Thoughts?