Under the proposed terms of the incentive rights to be issued to Mr Gordon there are no performance hurdle so he just needs to turn up to work, get his salary of $350,000 for spending half his time on SNE matters and he will get 1,000,000 shares for each year that he turns up. This will give him the equivalent of 6.7% of the issued capital after the consolidation.
Isn't it a good deal for some? Surely no-one will quibble with that! Even more dilution for the mug punters.
ANZ
SNE Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
