I think the pay an bonuses the CEO in this one Trakka are a fair bit excessive as well...$250,000 a year for a spec penny dreadful is a bit rich...
Or put it in another way a quarter of what the CEO of Kidman Resources is getting roughly re-numerated a year...$1m for a ASX listed 200 company... ( at one stage )….
What I believe is fair is $85k a year
A company car ( New Suzuki Jimny ) colour green or desert red.... once every 4 years
$1500 in takeaway allowances...for the year
$150 in Suntan allowance...
$500 in explorative work wear ie King Gee Shirt, Pants, Hat an gloves Footwear
$500 a year in suits expenses and cleaning...
Plus a Hema system for the Jimny he drives around Australia... another $600
The company is chewing through $1 million every 4 years just on his wages which is unacceptable for the shareholders and the survival of the company as well in this current economic period...
plus $100 in BO spray and chewing gum expenses...
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