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0.00% $3.98 babcock & brown infrastructure group

cheeky pay rise for bbi amid big cap raising

  1. wachito
    1,257 Posts.
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    16/10/09
    09:20
    Post #: 5787824
    I have to admit that working for BBI must be the best job in the world!!!!

    They DESTROY value sending a market cap from 5b down to 140m...then they re-capitalize the company diluting shareholders to a 0% participation, but don't worry fellow shareholder, BBI management is giving you a capital compensation of 4c the share to get rid of you...for EPS, 60% haircut...who knows for SPARC...

    The prize, CEO gets a 91% salary raise...directors want 50% for their amazing performance...

    The "investment community" needs to recognize these guys are amazing...I'm talking to my boss today to see if I can get a salary raise using this PIGs as benchmark...
    BBI Price at posting: 4.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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