put it all on black?, page-7

Excellent posts Datrat and Boomer. You both put forward well-balanced opinions about INL’s management. A management and board, which the INL cheer squad in the past continued to be so supportive of despite the many obvious shortcomings. No need to name those blinded cheer squad leaders, who always were on the ready to shoot down any negative suggestion about INL’s executives and who in the process stifled discussions here and elsewhere.

As an example take Sarah on SS who got a load-full when initiating and leading a campaign against the low-ball option grab mentioned by Boomer. That campaign did get the board to change the option conditions, but they still persisted with the issue.

In all of this, shareholders should not forget how the board in 2007 ‘rewarded’ PW with a more than 50% increase in his remuneration package.

After these many failures can shareholders now look forward to PW receiving a redundancy payment ?

According to his service contract with INL, PW is entitled to 2 years salary as a redundancy payment !

The board of any company is there to work in the interest of shareholders and to build shareholder wealth.

Anyone here who think they are doing that – puh !