"During the year total remuneration to directors and senior management was $7,322,667 (2011: $6,742,120), an overall increase of $580,547 due to the increase in the number of key management positions"
Management salaries now makeup 10% of the company's market cap !!!
Imagine if BHP paid 10 BILLION dollars to its management team each year. Surely even in the junior/specie leagues where we now find ourselves this is an overweight position for the fat cats ?
IVA Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held