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24/10/23
13:21
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Originally posted by manicdoc:
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Looks like for every 2 dollars they got from customers, 1 of them effectively went into Tim's pocket. Or look at it another way, that's 13% of the recent capital raise. Not a good look. He should be on around $275k absolute tops, the same for the rest of them. He currently is on a basic of 457k PA, which for such a small business is nuts. This ain't Qantas. Up the performance-rated part and reduce the basic I say. Also, they only have 101 employees... so that's 12k of revenue per employee PA atm... I don't mind execs paying themselves well, but it needs to be from a proven large pie of incoming recurring revenue, not out of critical funds to grow the business. As always DYOR.
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Curious to know your source of information for determining salaries for executives? To find another executive in the same or similar industry space might be a struggle at the rate of pay you are suggesting.