I think everyone needs to take stock of the calibre of the directors and what they could attract elsewhere. These guys have serious credentials and could attract $1m+ packages in industry pretty easily. My brother in law is a major in the Israeli airforce earning moderately. He is getting unbelievable experience and knows that when the time is right, he will go into industry and literally make 10 times his current package. Experience is a very valuable commodity.
I, as a shareholder, am happy for the directors to be remunerated competitively to encourage performance. All this discussion about 'lifestyle remuneration' are from people who clearly have no idea about attracting and retaining talent.
Sure, we could pay a director $100k to run the company, but what kind of CEO would be attracted to work for such a (relatively) low amount. You pay peanuts, you attract monkeys.
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