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I still have a quick flick through BSM announcements from time...

  1. JID
    3,676 Posts.
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    18/10/12
    17:54
    Post #: 10879847
    I still have a quick flick through BSM announcements from time to time just for old-times-sake.

    Today's AGM announcement was a doozy. In light of the Epic Fail that BSM now is Directors have undertaken to reduce executive remuneration and Director fees by 20% for the 2013 year based on the remuneration shown in the 30 June 2012 Annual Report. Page 4 of explanatory statement relating to Resolution 1 from today's announcement,

    So what does this mean? For 2013:

    M Rosenstreich will earn $377k
    C McGown will earn $142k
    B Sullivan will earn $48k
    P Treasure will earn $48k
    S Hunter (consultant) will earn $82k

    Total $697k

    Market cap of BSM? $1.8m

    Salaries and fees for 2013 are 39% of the total MC !!!!

    For all those still hanging in there the voting options are obvious !

    cheers
    John
    BSM Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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