Hi Optimistus,
Just in case you were worried that this episode might have impacted negatively on the employee incentives , dont panic.
They anticipated that . Below is an extract from the last financial report.[ page 59]
For FY24,
• Removal of the Absolute Total Shareholder Return (ATSR) gateway on the LTI plan to align the plan with current market practice
I presume they did that to better align the incentives with benefit to the shareholders.[excuse the sarcasm].
Whenever I think there has been a particularly irritating performance by a board , I look at who the chairman is.
I then see where else he is collecting a cheque , and think very carefully about whether it is worthwhile owning a share in any other companies with him on the board.
My strategy on this ORA is starting to look like selling what I have at around 3 bucks[if I can].
Taking up my entitlement , plus whatever else I can get , then selling that.
I am too old and grumpy to worry about "board risk" as well as business risk.
cheers
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