Reading through the Annual Report, KGD is right,management have given themselves a 10% pay rise, with a bonus scheme.
In todays enviroment I would have thought it a good idea if Management kept their salary on hold. After all what have they achieved,if it were not for the Iron Ore we would be up the creek without a paddle.
Its interesting that they have asked for a bonus, if they achieve full finance, merger or takeover. I,m with you KGD why would they expect a bonus, thats their job, the one they signed up for.
As for the share price its gone down hill since the GFC and they have the nerve to say its done better then the ASX, but its a long way from its alltime high.
It wasn,t that long ago that a hedge fund paid $4-00 a share to get a position in MOL. Now it looks like they are having trouble getting a $1-00. I may be wrong of course but this waiting is not helping, come on management lets know whats going on.
MOL Price at posting:
86.0¢ Sentiment: Hold Disclosure: Held
