Options are about control

While I'm outraged at the low strike price giving an undeserved extra pay rise, the ultimate problem with the board accumulating free options, is, if by chance a big strike occurs, then they will have acquired a (free) blocking stake to decide the future owner of Pangloss Gold ..... proper performance-based incentives is one thing, but a free creeping takeover quite another. They have 3 years to convert or they can sell the options ... easy?
Don't just vote against the options - send off an angry email to the chairman & MD.
The board is aware of the grave disquiet, but they are confident they can stare down vocal shareholders ...