https://www.nzherald.co.nz/business/...ectid=12277521
That is a large chunk of shares voting against Martin's 800,000 share reward as part of his remuneration. Though it was strongly voted in favour for him to stay on the board.
Some investors firing a warning shot I suppose - they want to see results in a reasonable timeframe.
Personally I voted for his share allocation. Pay the man - it might not be reflected in the SP right now, but he really is doing a lot in a short period of time in my view. Plus it is more likely to align his interests with mine if he has a reasonable equity stake.
And turning a business around won't happen over night. Hold Management accountable, absolutely - but I also think investors need to have some patience.