EXT 0.00% 1.1¢ excite technology services ltd

ceo for extract, page-11

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    A couple of things to do with his pay packet.

    Firstly, it is not excessive for the size of company that Extract will become in a few years - if it remains a separate entity. It is however a biggish package right now for a company that is consuming money, rather than making it.

    Secondly, with his credentials, he would want a decent package here and now, as the possibility still exists for a takeover. There is no incentive for a high calibre person to take an average salary, with the distinct possibility of a short tenure.

 
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