Am I reading this correctly? Did the CEO just propose to issue himself over 5 million share options at a discounted rate because he has taken a 20% pay cut? Has cut employee salaries by 20% and put just over 13 million in options between them all?
I would have thought that like everyone, taking a haircut is just part of getting through this whole COVID-19 situation. I have taken a pay reduction personally but I haven't rewarded myself by issuing share options. Really do not see what the CEO has done to deserve this especially on this update.
Subject to shareholder approval of course
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