Absolutely I agree with you on that. I voted to reject the remuneration too.
My moral compass would have me ease back well and truely in tough times.
To not value shareholders stinks.
They are the ones that you turn to for capital raises ie interest/payback free finance, to build or stay afloat, so to shit in their face when you dont need to is despicable.
But that said, if the guy(s) has (have) genuinely been working behind the scenes moving forward, albeit slowly, he/they need to be compensated accordingly.
Being on the board of other companies is a thorn if the time he gets compensated for is also the time he gets compensated by TOE for.. Absolutely
I am aware of the CEO of an ASX top 100 co, who consults 1 day a month for an unlisted company for remuneration of $3000 for the day. Is it a week day or his day off .
Double dipping for a day perhaps. A law unto themselves.
Thats why DYL is my biggest holding.
JB said he’s a one farm guy. DYL, not interested in any other co. All his focus is DYL.
TOE Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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