WPL gets first strike against renumeration report

On ABC News online:

"Oil and gas producer Woodside Petroleum has received a first strike from shareholders on its pay for senior executives, amid tough market conditions. About 27 per cent of votes cast at the company's annual general meeting in Perth were opposed to the adoption of the remuneration report for executives.

A company receives a strike if the number of votes against the resolution passes the 25 per cent threshold.

Woodside chief executive Peter Coleman's remuneration totalled $US7.55 million in 2015, down from $US8.46 million in 2014. The company's net profit plunged to $US26 million."

Here's the link to the full article.

http://www.abc.net.au/news/2016-04-...ing-first-strike-against-remuneration/7345850

Its worth noting that WPL's shareprice has been hammered obver the last year or so and hence this is the message that shareholders believe should be sent to the board !!!  

What's good enough for WPL is good enough for FAR shareholders IMHO.  FAR management has failed to increase the share price depsite 2 world-class discoveries and highly successful appraisal results.  They have undersold shareholder's by giving away 700m shares to SI's and institutions at a ridiculously cheap 8.5 cents whixh is lower that FAR was 2 years ago ahead of the FAN-1 well.  And there is already an incentive plan in place for options so why the need for the new rights?  

Don't forget to vote! All IMHO of course.

H