Agreed - although actual payment & options entitlement were not...

Agreed - although actual payment & options entitlement were not realized.

"On 1 August 2022, Fixed Remuneration for P Staveley increased to $1,500,000. However, from February 2023 to June 2023, both were paid reduced rates due to financial constraints, and will not receive any options in lieu of pay pertaining to those reductions. On 30 June 2023, D J Peters and P J Staveley agreed to a reduction in Fixed Remuneration to $576,000 and $677,000, respectively, inclusive of statutory superannuation, and continue to receive reduced cash remuneration of 30% and 40%, respectively, to the date of this report.”

Would have thought AUD$300k/year with performance option package would have been more appropriate in an emerging business like NRZ. I have been in and out a few times, but was amazed at the pay package for PS in AGM resolution. Maybe following the lead of Alan Joyce former CEO of Qantas.