resolutions, page-7

There seems to be some confusion/misinformation over what the 'old' board get as remuneration.
The short version is they don't get a lot, and the 'new guys on the block' (not just RC) have received a huge amount of options,which are already well in the money.
Rather than writing it all out again, I'll just repost a summary I put out a couple of months ago.I don't think anything's changed ..other than the share price;-) :

<<< Some info from the last Annual Report, amalgamated with last director's interest notices in case anyone is getting carried away with what the board takes home every Friday...

Askin - $80K + super + benefits = $91K pa.
3.9m shares
840k options, exercisable at 16c before 2014
2.5m options, exercisable at 22c+ before 2014

Faull - $57K + super + benefits = $66K pa.
2.5m shares
330K options, exercisable at 16c before 2014
1.2m options, exercisable at 22c+ before 2014

Dunmore - $57K + no super + benefits = $61K pa.
0.78m shares
150K options, exercisable at 16c before 2014
1.2m options, exercisable at 22c+ before 2014

Heugh - $424K + super = $474K pa.
6.0m shares
304K options, exercisable at 16c before 2014
2.5m options, exercisable at 22c+ before 2014

All options vested.

Subsequently, in the latest half yearly report, another 33 million odd options have been granted to various employees (note employees) at exercise prices between 9.5c & 11c, expiring 2016. No details of who got what, but nice for some - I'm guessing DH got a few?
Read that again - 33 MILLION options given at exercise prices 9.5c-11c, compared with what the board holds, which is 9 million at exercise prices 16c and above - mainly 22c and above.

I'll leave it to someone else to do the sums, but it looks like the board don't get a whole lot, and have not a lot invested...
JH gets a nice yearly take home....
Some 'new' employees just got a whole bundle of options, that are already in the money, worth an awful lot more than what the board holds?
But the board must have approved this? What has gone on here?>>>>>