BEC 0.00% 33.0¢ becton property group

Referring to ProPunter23Red post #: 9106376 "with Matthew Chun...

  1. 56 Posts.
    Referring to ProPunter23Red post #: 9106376

    "
    with Matthew Chun still on 500k+ annually this is no surprise, he rode this company into the ground from asx200 to ZERO. Amazing the board did not get rid of him earlier
    "

    Unfortunately (until recently) Chun was a protected species : -

    "
    Becton's arrangements with BOS International, these days a subsidiary of Lloyds International, include a condition that Becton's current management stay in place. That deal is believed to include chairman Bill Conn, and chief executive Matthew Chun.
    "
    See article of 02.06.12 : -

    http://www.smh.com.au/business/property/developer-struggles-to-refinance-20120601-1znay.html


    Interesting comment also from Darren Olney-Fraser in this article of 07.01.13 : -

    http://www.theage.com.au/business/warning-on-becton-projects-20130106-2cb2e.html


    "Mr Chun's $1 million salary is about one-third of the company's market capitalisation, and I can't understand how the board can justify that."
 
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