CTP salaries, page-9

Ok Spec, Good comments. Back in the heady days when the CEO got his $2.1 million salary increase the prospect for CTP looked very bright and many of us thought that we would see the SP soar over $1. While prospects are now even brighter there have been a number of setbacks and delays, the rig failure, shortfalls of funds etc and the SP has massively declined, all of which makes the CEO salary look simply outrageous. I see that CEOs on similar salaries are invariably running much larger companies that are far beyond the exploration stage. Unlike CTP these companies are generating the funds themselves to pay their CEOs the big dollars. Rather than provide untied massive pay increases like CTP other companies tend to offer bonuses based on future performance. It does concern me from a governance point of view - that the interests of shareholders must be prioritised - that CTP didn't take a similar track.