This is hardly out of the ordinary at NRW, which might have the...

This is hardly out of the ordinary at NRW, which might have the worst executive pay record among the ASX300.

The Perth-miner has been hit by seven remuneration report strikes in a row. Seven! At the 2023 AGM, the chair of the rem committee Peter Johnston fell on his sword when it became clear he didn’t have the support of shareholders.

There’s something so apt that one of the main characters of the Gupta-Whyalla administration is a contractor with questions over pay, and an executive cosplaying among the global rich in Europe.

Even more that the red flags can be found in the Instagram activity of his social striver wife. Try to imagine a BHP executive and their spouse flaunting the proceeds of their take home pay through weekly #luxurylifestyle posts.

NRW suspended its shares from trading when Whyalla was forced into administration. On Monday, NRW shareholders will be able to buy-and-sell again. If recent posts are any indication, it also looks to be the managing director’s wedding anniversary.

Then in May 2024, Jules and Alesha went to the F1 in Monaco. The pair look like they had an absolute blast: pouting with rosé, caviar bumps, a photo with Matt Damon. Considering the sheer number of outfit changes, and the dates of the posts, the duo’s getaway took in a weekend, that surely stretched into a few business days.

How did that show up in NRW’s accounts? Pemberton was paid $1.35 million in base pay for FY2024. Assuming he receives four weeks annual leave, his total annual leave for the year comes to $104,000. In NRW’s exec rem table, Pemberton shows he ended the year, with an annual leave accrued surplus of $86,589. Could it really mean he only took 3.3 days of annual leave for the year? A similar pattern repeats itself in previous years.

How can that possibly be accurate when the Pembertons took so much Euro vacay? Perhaps Jules was meeting a potential client when he was dancing on a Riviera yacht. Or he gets more than the standard four weeks leave. Or maybe NRW’s managing director is simply the country’s best leave whisperer. The company did not provide answers when contacted on Sunday.