a real shame that this kind of behavior is still being accepted in corporate Australia. resolution one of the AGM is calling for the annulation of 5million shares too high price), the issuing of 1million new shares and a cash payment of 260k$ for our underperforming CEO mr Bill . this is worse then robbing a bank in play daylighht!! the guy can not meet his targets due to poor leadership and mgmt, yet he is calling for the goal posts to be moved and propose a fat cheque anyway. this whilst his beloved shareholders have seen an evaporation of 90% of their investment since 4 years. in the middle ages they would burn such people, nowadays bobody even frowns upon this in corporate Australia.
i really hope that EVERYBODY votes against this resolution and let him have the same as what we as retail investors have experienced over a long long time.
GTN Price at posting:
37.5¢ Sentiment: Sell Disclosure: Held
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