PGR is likely the cheapest retail stock on the ASX, page-4

I doubt the CE could walk into another Retail exec job all that easily given lean retail climate (not expecting any change to that outlook for some time).

So why would it be high on the AGM agenda to approve his entitlement...
"On satisfaction of the vesting conditions attaching to the performance rights, each performance right will entitle the holder to receive one fully paid ordinary share in the Company for no monetary consideration".

Over 1.5 Million of the suckers.

He gets a decent salary as it is. Sounds like a little bit of a boy's club (not that there's anything wrong with that) . How about the incentive ...you have a VERY well paid job , stuff up ... no job . QED