Considering how poorly the CEU share price and business has performed over the past 12 months I was amazed and disgusted to see the huge bonuses ConnectEast managers earnt this year as listed in the Company report released today.
John Gardiner $210,000 bonus
Peter Bentley $165,000 bonus
Tony Hudson $106,000 bonus
Nick McKechnie $93,400 bonus
James Tonkin $44,600 bonus
Danny Agnoletto $256,333 bonus
Graham Gilpin $44,000 bonus
Almost 1 million paid in short term bonus arrangements in 2009 whilst investors bled as the share price collapsed, the dividend that was fixed until 2010 was slashed and capital raisings diluted the value of each CEU unit.
If you are an investor and not happy like me then tell ConnectEast Management. Email James Tonkin the Investor relations manager at [email protected]
and let them know its just not good enough!!
connecteast managers earn massive bonuses
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