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Originally posted by Parsifal
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You can't calculate it like that though because there were multiple components. Straight salary was $500k. Then there was whatever he was being paid for medical, housing and car etc - the latter of which were meant to disappear but might not have. On top of that would be any cash bonus ( shares as short and long term incentives - but this year's LTI should not be paid out because they didn't meet the hurdles and personally I'd be pretty peeved if I saw a bonus). If you recall they approved Nick a bonus of $US400k (half shares and half cash) for the previous year's effort.
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yes, I agree with all of that, here's the remuneration figures I've seen printed appreciate your take on it.
