Alas predictably generous. He's only taking 250K shares (only!)....

Alas predictably generous. He's only taking 250K shares (only!). The snout feeding at the Boardroom table is an awful modern story alas, too low an exercise price for my liking too:


Whilst Aussie workers have driven the success of companies, their wages have fallen relative to their efforts/hours/output:


Its across the global modern economy I am afraid. CEO pay to workers has doubled since the GFC. We learnt little as a society from that episode it seems.



Lets focus on the tenure though. This guy is a markets guy. Exactly why I contemplated trying to get on the board. We (shareholders) need someone with a capital mkts focus to actually further the business AND provide returns to long suffering shareholders.

"As a senior financial services professional, Mr Van Der Wielen has over 35 years’ international experience in wealth management, private banking, investments, and insurance, in the UK, Luxembourg, Malaysia and Australia. He has held senior executive positions with several national and global financialservices groups. Most recently Mr Van Der Wielen wasthe CEO and MD of HBF Health Ltd for over five years. HBF has revenue of over 1.6 billion dollars and in a recent independent consumer survey was named Australia’s most trusted brand in private health insurance. Mr Van Der Wielen's other previous executive positions include CEO (UK & International) of Friends Life UK, Managing Director (Wealth) of ANZ, CEO of Clerical Medical, Halifax Life & Heidelberger Leben and CEO of Lloyds Banking Group/HBOS Plc."