OOK 0.00% 0.0¢ ookami limited

Agree 100% - I get iffy when we start talking pay increases and...

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  1. 233 Posts.
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    Agree 100% - I get iffy when we start talking pay increases and bonuses while the share price is deteriorating. Maybe this is just me, and this is all imho of course- but I feel there need to be a clearer correlation between bonuses and pay increases with the creation value for the true owners. This feels more like proof of a complete disconnect and not fair to the shareholders in any stretch of imagination.

    I know there are as many opinions about agency theory as there are letters in the alphabet, but the crass truth is that directors are but principals acting on behalf of the shareholders to manage the shareholders asset- thus a performance incentive directly correlated with the share price movements would be more appropriate and produce a fairer assessment of performance for both parties, agent as well as principals.

    Unfortunately, this is not uncommon. Just look at CHP, declared losses greater than 80% and in the same report recommend pay increases to its directors to the tune of 40%... all while the share price was floating about as well as a rock in water. How anyone would see such a situation as grounds for reward is beyond me.

    I like OOK and I believe in the ecosystem they seem to be building, but they could certainly do more for the share price and its shareholders than I have seen from them in the last six months

    All imho of course
 
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Currently unlisted public company.

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