EXT 15.4% 1.1¢ excite technology services ltd

Ann: Annual Report to shareholders, page-2

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  1. 7,051 Posts.
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    Cash costs,
    Blim paid $102k for the year plus $10k in cash allowances.
    Pretty paid $120k base and $180k in consultancy costs.

    Brace168 founders on $200k per year each, VITS founder on $133k, Head of Product on $193k.

    So, dumb me would think if the board are paid so well they would be able to consolidate positions with the expanded group to streamline costs. As it stands there seems to be no real cost efficiencies found in acquiring to grow, just a gravy train for all. Or if the well paid executives are all executing the strategy then why is the board required to be handsomely rewarded.

    It's a Gong Show.
 
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