Hi All, Alternative Incentive Plan for Executive management by ITucker
"Performance measures will be determined by shareholders but will only be revealed at the end of each 6 months so as to not negatively prejudice their negotiations or plans with other companies in which they may also be shareholders. Performance Measures – This program will encompass both qualitative and quantitative performance measures and targets which may generally be describes as follows. Qualitative – general stuff ups, waste, extravagance, poor decision making etc. E.g, losing tools down hole, employing spin doctors, flying other than economy class, choosing the wrong pump more than once. Subjective decisions will be made by a committee elected by shareholders and chaired by “Sandys” Quantitative – ratios will include 1. Admin expenses/revenue 2. Admin expenses/profit 3. Current production/previous production 4. Current 2P reserves/previous 2P reserves 5. Current share price/ previous share price If the STDP results in a participant losing more than 100% of their salary they shall be instantly dismissed with no zero benefits or entitlements."
Maybe we should e-mail Mr Terry Barr and the Board of Directors with our alternative incentive plans. As shareholders have not done well out of this company then it is only fair and eqitable that the Board and CEO should suffer alongside the shareholders(owners)of the company. I note that in the UK the CEO of Aviva insurance has left after a shareholder revolt over his remuneration package.
regards
jukieoz836
SSN Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
