Things are going great in Cyprus for the Karantzis family:KMP...

Things are going great in Cyprus for the Karantzis family:




KMP salary increased ~80% YOY, double that of EBITDA. Thats A1.2m in additionaly salary split between 3 employees. There is no detail on who is being paid what and how much and, if any, is at risk contingent on performance. However, I will speculate, because I have to, that Karantzis is now on well over $1m in salary.

I think it is incredibly insulting to shareholders to not disclose the salary and terms of a CEO of a public company, I understand in Cyprus this is not required, only an aggregate is required, but given his history I think it speaks volumes.

Remember, upon demerger it was disclosed and was many times less than what it appears today, but again shareholders have no visibility. That disclosure soon dissapeared.






As per @naomhan's post, it is not surprising that the listing is already being walked back to CY25.