And the best (vomit) bit of all is in the wording.
"The Non-Executive Directors of the Jervois Board unanimously agreed to reduce their cash compensation by 30%". View attachment 6048390Crocker is an
Executive Director, so this
doesn't apply to him. Nor has he personally offered to reduce his rem - as a sign of recognition for his appalling performance as MD & with the interests of the business in mind.
View attachment 6048388US$627,631 = A$961,350.
In other words, the Board think it is perfectly fine to remunerate the MD almost A$1 million per year for presiding over a 98% capital destruction in less than 2 years and considering the A$67m market cap of the company.
A million bucks for one bloke to run an A$67m capped company. They are clearly taking the yellow stuff excreted in a toilet bowl.
I implore every shareholder to vote the rem report down in the next AGM. You only have yourselves to blame if you are too lazy to make your vote count. It's time to remind Johnston and Co who owns this company. They need a strike against them.
