Hi guys, I'm sure some of you may be holders of SDL also. Couldn't help but notice that management of SDL have made some reasonable restructures by way of 10% reductions in board fees, and remunerations, in addition to amalgamating roles and responsibilities. By means of a prudent measure, a step like this certainly goes a long way in shareholders minds regarding the accountability and fiscal responsibility of management.
Wouldn't it be refreshing to see such a step perused by our own excessively renumerated management. It may do something to underpin support in managements stagnation atm with delivery. After all, anyone would think that management are milking shareholders simply for their own gain, and at the end will achieve a 'zero' result. I'm sure a 10% reduction would still see them making a small fortune each year at the expense of outcomes that benefit all.
regards
reduction in costs
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