It's double dipping in it's worst form. How a chairman can pay himself 1.25mil after such a poor performance is ridiculous. As TT surmises, Macquarie and Bouris have this scheme going which essentially makes themselves (only) heaps of money through the publicly listed vessel that is YBR. They may not be breaking the law but how they are operating is quite unethical.
YBR Price at posting:
14.0¢ Sentiment: None Disclosure: Held