This is outrageous! Asking for a doubling of director fees when they've delivered very poor shareholder value (relative to the NZX50).
They don't deserve anything until they can get the share price up by at least 25% to make up for the under performance of the past year. And even that is being generous I believe.
I will be voting NO.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
A sure way to humble your superiors is to secretly film them in their birthday suits! I didn't realise that Grant Baker had such short legs and arms. He would probably need prosthetic extensions to able to drive his collection of Ferraris safely? Surely a near doubling of directors fees would be a sound investment in that light, to make sure he got back to the directors table safely after each track day?
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
Given share price has gone nowhere over the past two years I think we'll find the Directors wont even put this on the agenda. No compelling reason why their fees should go somewhere if SP hasnt.
Given share price has gone nowhere over the past two years I think we'll find the Directors wont even put this on the agenda. No compelling reason why their fees should go somewhere if SP hasnt.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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