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Ann: Appointment of Director, page-29

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  1. 9,649 Posts.
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    FYI @timmsy anyone that looks at that package out of context and says it's a lot of money as a reward IS DELUSIONAL .......

    - $19000 - $4000 = $15000
    - $15000 x 1.51 = $22,650
    - $22,650 x 20,000 = $453,000,000
    - $453,000,000 is the 5 year EBITDA that we gained for $0

    What salary he gets now is for the future after the fact and there at least 12-15 deals that I can think of that still need doing .

    All of what you've stated is a drop in the ocean so stop complaining if we give more performance rights because he turns that EBITDA into $1,132,500,000 over 5 years and this is just for Lithium at one plant only .

    So yeah why wouldn't we reward him with more and yeah if you don't agree then your stingy deal with it .

    TT
 
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