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CEO Blog, page-3

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Timtator

3,284 Posts.

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26/01/15

15:58

Post #: 14641061
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Originally posted by Robert14 ↑

I like this bit.

'I also want to take this opportunity to thank my colleagues Dr David Brown and Dr Andrew Heaton for agreeing to join me in taking a significant pay cut, as well as to the non-executive directors for setting aside director fees. This was a voluntarily commitment by all last year. It was a way of preserving precious cash for the R&D program and a way of showing shareholders that we are all in this for the long-run, not for short-term gain. Despite a much healthier financial position, the three senior executives are maintaining that pay cut. I will revisit this situation when our market cap is stronger.'

Management and directors confident enough in the future return to keep their snouts out of the trough until their dreams are fulfilled.

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If only other companies were like that!

I own shares in a company, yet to produce a dime and their CEO is taking in $10,000 a week... what a laugh.

NRT Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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