Ann: Earnings Upgrade & Changes at the Board, page-5

Nice to see the upgrade. With the commentary in that thorney pres about strong momentum in May, not suprised.

Will be interesting to see who is appointed. Perhaps retirements are a red flag, but on the other side you have RM agreeing to be executive chairman and take equity options, which says the opposite.

I'm a little confused with the incentive options. Are these 'gift options' like a couple of years ago, or is RM going to have to actually buy these with cash? I'm hoping the latter... maybe if someone could explain his remuneration scenario that would be good, so I can confirm what I'm thinking.