Hi Westcott,
I have a question for GC please:
How does he justify asking shareholders to allow all his performance rights to vest (as per clause 6.7 of the scheme) as part of the take over? We voted on these rights being issued to him on 24 Nov 2010 to ensure his long term goals were aligned with ours as shareholders. He appears to have failed to achieve those goals on our behalf yet is going to be entitled to $4.5M in performance rights anwyay? I would love to know how this is seen as just.
If GJ is feeling sorry for him because he won't have a job post T/O then GJ should put him on the board of the Oakajee Port review committee. The WA premier would be happy if GC can arrange new Chinese owners for that project in under twelve months...
Just my 2-bobs worth.
Best wishes all holders,
Sth.
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