I suggested a few weeks back that this could be seen as a $500k...

I suggested a few weeks back that this could be seen as a $500k pa annuity for the CEO. It isn’t a bad gig if you can get it. Someone else suggested that the CEO should fall on his sword but at $500k pa I cant see that happening for two major reasons. Firstly - the board is not commercially sophisticated - they are scientists & probably not Machiavellian enough to give the CEO the boot. Nor is there anyone capable enough of replacing the CEO from within the current board. Secondly the current share register does not have enough Instos holding big enough blocks to force change. There are too many retail holders with relatively insignificant holdings with sufficient resources to club together to force change. I’m suggesting the current CEO is here to stay. Nevertheless the remuneration vote at the AGM will be interesting.
BTW - thank goodness we didn’t hear that bs buzz word “pivot” today. Or did we ??