Share
506 Posts.
lightbulb Created with Sketch. 47
clock Created with Sketch.
08/05/21
22:33
Share
Originally posted by Chao88:
↑
On Thursday I wrote a letter to the Board, which was forwarded to the chairman. The letter included a proposal to undertake a comprehensive review of executive remuneration as it is completely appalling and misaligned with performance, starting with Ed and Peter. Their “contribution” since being brought on has been wealth and performance destruction, do shareholders really need a CEO and CFO collectively on 2 million a year. Probably not, would an average joe off the streets do any worst, probably not. So the proposal is to cut Ed and Peter’s remuneration and undertake a strategic comprehensive cost review because revenue ain’t growing and to survive it time the board stop procrastinating and actually start “working hard” as they say and do something about this ailing business.
Expand
good on ya, what u've said is commonplace is far too many asx small/micro cap. board getting fat wages but not delivering shareholder value. When the coffers get low, throw out a spin and raise more capital, rinse and repeat. would be great to be on the boards of many garbage like them and collect money without ever having to meet KPIs. different case for blue chips though because instos will be breathing down their necks .