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09:11
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Originally posted by jds1988:
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if you wish to have a closer look at the RAC CEO remuneration (another poster has kindly shared the RAC CEO ASX announcement), you will see evidence that: Your comments seem to now allude to/be compared to Paul Hoppers activities, even though your initial comparison was with LC. 1. he opted to take half his CEO salary in way out of the money options with exercise price above ATH sp showing alignment with every single shareholder who bought RAC shares in the past (not just the recent buyers in the lows). He may have even wanted 100% options package but the board didn’t agree … but don’t quote me on that. Thats nice, lets wait and see what happens when he has to convert 5 years of running options. I hope he's got enough savings put away for that. 2. Over past couple of years he has spent more money buying more shares on market and exercising his options than his cash salary from RAC. Meaning he has put in more money into RAC as a shareholder than he has taken out as an employee. I couldn't find the exact announcement but i'm almost certain LC went into a loan agreement with PH to receive money for the converting of shares. 3. he has never sold a single share since his involvement in RAC (not even to pay for tax commitments which is the often cited excuse for insiders to sell) LC sold once, again to raise money and convert options. Interestingly enough with the TLX comparison you did full of green flags, their CEO did a share sell off not too long ago. Would be interesting to hear your thoughts on that considering its a huge red flag in other cases. 4. he was a shareholder and outside investor in RAC before he was invited as a board member and exec. And therefore has the ultimate investor mindset in managing RAC. LC removed herself from other boards to focus solely on IMU 5. he is now over 10% shareholder of RAC … bought mainly on market or cap raises. LC is top 10 consistently, with the bulk of the others being large funds 6. I won’t be surprised to see a director notice of further on market purchases (by CEO and other directors) this year when RAC comes off company trading black out. 7. he has publicly commented that RAC is one and done for him being a executive in listed biotech. He was essentially retired when he invested in RAC and he said he looks forward to getting back to retirement after RAC. He has no aspirations to continue to collect exec pay from the biotechs industry. Sounds like he got bored and this was a project to keep him busy and paid for the next few years If you know a better shareholder aligned ASX listed biotech CEO, please share this with us as I would like to do my diligence on that stock for a potential investment.
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Will be interesting today the highest paid ramper on HC has also put out a PS announcement today stating RAC has it's first recruiting site open.
(20min delay)