Whats wrong with a ceo earning $1.5m p/yr ($2.2m during covid)??...

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mickeebee

4,307 Posts.

1217

19/02/24

20:09

Post #: 72489781
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Originally posted by tuba29: ↑

The problem is that the board continues to support an MD and CEO that have had far too long to get this business up and running. I hung in as liked their Online story but this has gone quiet except the gutting of EZIBUY. I also thought they had worked out they had too many unprofitable stores but apart from COVID lease reduction program this has gone quiet. They were going to launch more stores ???? and then the push for more BIG Box. Doubt if these objectives have been hit, thank god.. NZ is an ongoing loss maker and no plans here.

All theiir Target Market customers tell me the quality is poor and happier going to Kmart. I cant even get rid of the shareholder discount card. They have lost there way. Alceon has managed to offload a pile of their trouble. The fund manager in their organisation should be critiquied. Only hope is Spotlight, lead by Quentin. He needs to make some gutsy calls. If the CEO is no good then from my experience the quality of their team is also compromised. The market notifications dont provide quantified targets and whilst Micklebee is a bit tough you cant make sense of thier financials or YOY comparisons.. Doubt if Solly would employ folks who managed like this.

Grasping at straws now.

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Whats wrong with a ceo earning $1.5m p/yr ($2.2m during covid)??

whats that vs the mkt cap?

yet the avg pay is probably $50k for the rest....churning inventory to keep the lights on....!

tough gig.

MOZ Price at posting: 17.0¢ Sentiment: Sell Disclosure: Not Held
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