Maybe the MXC BOD should be looking at a similar option. Might...

Maybe the MXC BOD should be looking at a similar option. Might be a good move to reduce costs at this point of MXC's development. Nice PR movs as well come to think of it.

Good to see that management in some companies look at the development of the organisation they manage as a first priority.

PS: I have removed the names of the company and management members so hope it still makes some sense and does not violate HC rules on not discussing other companies.

A Junior copper explorer  will slash executive remuneration — effective immediately — to reduce corporate and administrative costs.

investors were told that chief exec would take a 13.7 per cent cut, from $219,000 to $189,000.

Exec director would also have his pay reduced 40 per cent, from $US216,000 to $US129,600.

These changes to executive remuneration were part of “company-wide cost reduction measures”