Deterra Strategy, page-2

It is plain and obvious to all, that shareholders would be best served if the team of 6 full time executives at Deterra was chopped down to two part time staff and run like a small cap. Nobody needs to see the same slide decks each quarter and nobody needs unqualified muppets trying to play Warren Buffett. This should just be a flow through royalty.

However management will be fighting tooth and nail to protect the status quo because.....

The CFO gets paid $650k to cash 4 cheques a quarter!!! Please someone tell me what he would actually need to do on a day to day basis. This has got to be the biggest joke of a remuneration package i've ever seen. For what reason would the CFO need a long term incentive plan....you literally cash 4 cheques a year. The accounting complexity in this could be covered off by a 1st year grad without a sweat.

Then the CEO gets paid $1.15m and he does even less than the CFO. Doesn't even have to cash 4 cheques a year! If anyone from The Australian or AFR is reading this, could you please get in touch with him to do one of those "Day in the life of an executive" stories.

Literally the busiest day in the life of a deterra executive is the one day a quarter that a cheque arrives in the mail from BHP. Secretary probably walks it down to the bank to cash the cheque and then they organise a team lunch to mark another successful quarter.