Two great articles in Sunday's Age on this subject.
" There's nothing wrong with performance based executive options."
"When valuing an options package , the Board links it to some form of performance hurdle, usually total return to shareholders, which includes a rise in the share price and dividends".
"... it was arguable that options packages were becoming far too generous and ........ this may lead to fraud..."
With regards to Phils options ......
1. far too generous in number and exercise price
2. shareprice has not gone up during past year. No profits made. Shareholders have lost their capital. Reward not warranted this year.
3. realistic hurdles do not appear to exist
4. KPI's not disclosed to shareholders.
Why hasn't the two man Board ( excluding Phil) realised these facts?
options as an incentive
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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