Ann: Orocobre Limited - Notice of Annual General Meeting, page-11

Just to show how out of control the Orocobre board is with regards top team remuneration the base salary of the CEO of the Commonwealth Bank, Australia's largest listed company which has a market cap of about A$125b, is A$1.3m a year. The base salary for the incoming CEO of Orocobre, with a market cap of under A$1b and sitting about 80th on the list of big Australian companies, is about A$0.97m a year. Plus, for signing on and sticking at the job for at least 2 years he stands to be paid US$0.5m in ORE shares and to attract a bonus equal to his base salary.

In other words if our new CEO hangs around for at least 2 years he could be paid about A$4m in cash and super as well as US$0.5m in ORE shares.

Another minor thing: the CEO of the Commonwealth Bank is a 20 year career banker who proved himself at various levels in the sector before he jagged the CEO job, whereas from what I can see our new leader has not a jot of experience in brine extraction or in the lithium sector or in east Asia or in the borax sector. By the way he takes over running the company sometime this month. Fast learning curve much?