So you found a CEO earning less. Okay, let's put things in...

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Chipfiend

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29/10/21

14:50

Post #: 57183169
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Originally posted by alpha100: ↑

Phil Ryan is the CEO of CCX and his salary for 2020 was $699K compared to Karl’s of $977K. CCX’s share price has gone from $0.10 a few years ago to over $6 now and has essentially doubled over the past 12 months. Compare that to LVT’s pathetic share price performance over the past few years and try to tell me Karl’s salary is in any way justified. And yes I know the share price doesn’t necessarily reflect 100% reality, but it’s really all we’ve got to go on, and the market has made its thoughts on K & P’s management abundantly clear!

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So you found a CEO earning less. Okay, let's put things in perspective.

$200k difference is hardly here or there in the grand scheme of things. If your point is that he is being overpaid - well he's just not, statistically speaking. The AFR states that the median ASX listed CEO income was $1.7M. He earns half that of the median CEO in an ASX listed company.

https://www.copyright link/work-and-careers/leaders/ceo-bonuses-take-record-hit-20210712-p588vg

Say he were earning $200k less p.a, what could the company do with that money? Hire another software developer or two? Not exactly life-changing stuff.
It is what it is, changing management isn't going to do any good at this point in time (irrespective of your opinion of Karl). Hiring another CEO is an unknown, could be good, disastrous or have no material change. Is uncertainty really what SH's want?

LVT Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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