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Ann: Annual Report 2019, page-84

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Lebba

919 Posts.

294

05/12/19

16:59

Post #: 41818302
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Originally posted by spj123: ↑

Note that the policy mentions remuneration in-line with "market rates", which is fair.What's the market rate remuneration for a company with no revenue?

This means that Meir (for example) has a package of approx. 250K which is appropriate for a CEO.

Perhaps for the CEO of a moderate-sized company with revenue or, at least, reasonable prospects of revenue in the near future. Not for a company bleeding cash and with no prospects.

Back when I was involved in handing out government innovation grants, we used to apply the car park test when visiting a company: if the car park was full of 10 year old Falcons, Commodores and Corollas, go in and listen to what the company has to say. If the car park was full of shiny new cars, particularly anything German, walk away.

I don't begrudge Meir paying himself a salary that allows him to put a roof over his head and food on the table. I do begrudge him wanting to live like a millionaire without first going to the effort of building up a company to make him one.

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Yes fair point.
But that is the going rate for a CEO of a startup.
There are plenty of jobs in the Corporate world that do not involve being a board member, who get paid 250K or more.

It is what it is.
But i take your point.

SAS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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