Annual salary is $350,000. Other benefits include a Company provided car, 12% superannuation contribution by the employer, short term incentive options, long term performance options and
performance based bonus. Was also given 50 million free 0.96c options.
I'm not having a go at the guy and it's the industry, they have to stay competitive. But for a company not making money yet, it's pretty expensive.
He's made over $1.176 million over the past 3 years. Hardly feel the position is in any way underpaid...
Soon will be justifiable. Those options they were given alone will make him a few million. On top of the performance payouts and the major shareholding he already has in the company.
Like I said, not having a go and it's pointless to even discuss, I just don't like it and don't agree it's really justifiable at this point in time.
NSL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
