The preemptive inclusion of performance targets didnt help much. Light in information, long period, lack of projections and clarity plus what many think is an overvalued bonus for outcomes that are fait accompli or expected. If as some posters allude to such future events are built into the share price, then further reinforces the question as to why bonuses are justified since the market has already accounted for them?
I would prefer annual targets rather than opaque 3 year targets or open ended targets. If they failed to meet them, then would be really pissed off in 3 years time they extend the target period. After all, they did this to the option expiry more than once and the only benefit is a million dollars or so to the company, but a dilution of atound 10%.Instead of the directors spending all the energy on passing a bonus scheme at the GM, would much prefer some financial information and projections and an accurate picture of activities. The market obviously also wants that.
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