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.
By my calculations, management have $1.67bn in outstanding...
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Last
$35.18 |
Change
-0.700(1.95%) |
Mkt cap ! $66.81B | |||
| Open | High | Low | Value | Volume |
| $35.77 | $35.89 | $35.18 | $80.48M | 2.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28561 | $35.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.21 | 721 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| GMG (ASX) Chart |