Are incoming shareholders buying those shares effectively being "milked" :)
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It is probably a bad look too to offer her 4mil cash up front to get her over to A2. Shareholders probably won't be happy either. It is a case of poor judgement by the board I think.
Unfortunately finding people to run a big NZ company is huge and the pool of great CEOs is small. I think the money is ridiculous, but that is what CEOs get paid worldwide. We all need to compete to get the best CEOs with great financial packages (even though I think it is wrong, but whinging about it just makes me not a happy person).
Thanks very much for posting this SB9.
time for everyone to move on.
I will add for a few of you taking a bit more time off, away from share prices and the market might be a good idea. If you believe in the business share price volatility is not a good reason to divest shares or not purchase.
If management give you a rational, cogent reason for their action/s and theirs no obvious reason they are wrong or trying to decieve you it might be better to take their word at face value. You have trusted them up till now and with good reason they have produced amazing results.
Yes I do agree and for all of them they usually try their hardest to do well for the company. I just struggle with their remuneration packages not only for this company, but loads of companies. As I said I disagree how much they get paid, but so is life and I just need to move along.
Thanks Ggcc. I should rephrase. Re poor judgement of the BOD. They probably did not foresee that the shareholders/media reacted so strongly about it (how could they not, right?)
Personally I did not think 4mil plus was excessive to get a good CEO, given the money that this company is making. Time will tell if she is any good. I can't wait to the next round of announcement.