If this business does appoint an administrator then my reading of their contract terms (see announcement of 20 November 2014) is that the ex-Leightons CEO and CFO who WDS brought out of retirement will each get a minimum of 1 year's salary. Something like $1.1m and $750K respectively.
It's exactly these situations where the D&O insurance should come into play and hopefully provide shareholders with some recovery. The comfortable retirees should be the shareholders, not the management.
Pending Rsolution of Contractual Issue ?, page-13
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Last
$28.84 |
Change
0.330(1.16%) |
Mkt cap ! $54.75B | |||
| Open | High | Low | Value | Volume |
| $28.85 | $28.93 | $28.73 | $83.53M | 2.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2309 | $28.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.85 | 2709 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |