Ann: Chairman's Address, page-29

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grappler68

94 Posts.

69

08/09/22

18:48

Post #: 63597370
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Originally posted by Simonmobile: ↑

$1m pay per year (1.8 if you include bith CEO's)
manage 150 people
could you find someone who does better than:
95% share price destruction in 4 years
67% drop in 12 months
disenchant the strongest supporters with a delisting attempt and insulting follow up from the chairman
Fail to implement new sales models
Fail to capitalise on the biggest commercial in their corporate lifetime in the hottest tech trend during the pandemic

I think you can do it.

Personally, i would offer a VP of sales/country manager from a big 20 saas vendor who wants to progress to a CEO role.

Base salaries for these types of roles a 500K base + OTE - incentives and shares for a big hitter. many of these have run start-ups too at some point in their careers.

These types of people are often much better than start up people on alliance and channel selling which is a massive failure and missed opportunity for LVT. Now they are behind the eightball with Microsoft as if i was MS rep, i would keep them away now as they would conflict with my Viva pitch (and some of their new roadmap)

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imo board spill is not about dumping the management. It’s about electing a new board that then would replace the CEO and other managers. If the new board is as dependent from Karl and Peter as the current one was we won’t see any change. We need an independent board before we can give Karl the sack

LVT Price at posting: 4.9¢ Sentiment: Sell Disclosure: Held
7 Upvote

3 Great analysis

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