By my calculations, management have $1.67bn in outstanding performance rights. Their STIs and LTIs are so stacked in their favour, that ~96% of Peter Goodmans salary is comp'ed shares - with an economic valuation of $6.10 in his contract, but trading at $24.50. Pfft. If they get their long term incentives, management will take home $700m in year 4 and another $350m per year until 10 years is up - excluding their STIs and normal salary.
Don't get me wrong, really like GMG, but just glad 25% of the shareholders voted for this remuneration strategy to be recalculated. It's tilted too much against shareholders.
Ann: AGM Chairman's and CEO's Presentation, page-2
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Last
$34.88 |
Change
-0.010(0.03%) |
Mkt cap ! $66.24B | |||
| Open | High | Low | Value | Volume |
| $35.14 | $35.20 | $34.86 | $111.8M | 3.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14756 | $34.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.01 | 2001 | 3 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |