Deconvic, The answers you seek are on page 29 of the Annual...

Deconvic, The answers you seek are on page 29 of the Annual report released on 18/9/13.

You will also find pages 27-41 very enlightening where you can see other bonuses paid to senior staff as the SP sank lower.

In short it looks like certain performance hurdles were set by a committee of his piers.

The hurdle seemed to consist of a plank lying on the ground that one could easily step over.

At the end of the day we are in administration but Della martina has been paid a salary including bonuses of in excess of one million dollars. I wonder what other perks he had. ???

There is a note that remuneration was benchmarked to that of similar sized other Australian oil/gas companies. (see page 29 )
It seems no adjustments were made to remuneration as the size of Nexus shrank .

No Director or senior management staff put their hand up to take a cut to their remuneration as the company struck trouble......infact they did the opposite and paid themselves a bonus.