Questions around compensation are always fair when a company's...

Questions around compensation are always fair when a company's share price has performed as poorly as LBY. Shareholders have a responsibility to ask these tough questions, and that is why AGM's exist.

I would suspect that after cutting staff and slashing other costs such as fancy office space, (projected to be $20mln p/a) the financials will look a lot better. I get the feeling they have been a little loose with the cheque book over the last couple of years and have spent a tonne of cash on things that generate little to no return.

The claim they can cut 1/3 of their staff with a projected limited effect says it all.

The next quarterly report will be these guys' last chance to hold onto the shred of credibility they have left. Pretty hard to make an argument otherwise