Now here is a share chart to behold - 60 cents to 5 cents.
Why does PPL need an executive chairman, drawing $262,500 a year?
Admittedly, this may have been 2018, and now as non-executive may receive $120,000.
Should he be rewarded this salary for taking the company from 60 cents to 5 cents?
Why didn't shareholders vote him out at the recent re-election?
Why does the chairman still have his job, when he is largely responsible (together with Chan) for this train wreck?
Is it because he had PPL pay Cohort their extra $1.7 million rather than pursue the legal challenges, and in exchange for this Cohort gave him their votes at the recent director re-elections?
Jones
$400,000 + short term incentive of $200,000, + long term incentive of 3 million options
Rosenberg, and Klose, and Ulvert
$70,000 base salary, + superannuation, + options, + incentives
When looking at the share chart below, one could ask why are these directors receiving any payment at all.
From the annual report.
Andrew Edwards
Title: Non-Executive Chairman
Experience and expertise:
Andrew has more than 30 years of marketing experience behind him. Most recently,
he was Chairman and CEO of internationally-renowned advertising and marketing
agency Leo Burnett Group UK and President of Leo Burnett Central Europe. Andrew
joined Leo Burnett as the Global Discipline Lead for DM and CRM of Arc in 2003 and
was soon promoted to Managing Director of Leo Burnett Sydney, incorporating Arc.
During his tenure, the agency topped the new business league, and in September
2005, Leo Burnett/Arc was voted Australia’s number one agency. For over 10 years,
Andrew was appointed to several senior roles within the company, including
President of Arc for the EMEA region, Chairman of Arc UK and Deputy Chairman of
the Leo Burnett Group London, before becoming CEO of the UK Group in November
2007 and Chairman in December 2010. Andrew was a member of the Global
Executive Board and was tasked to drive Leo Burnett's Global Strategy for Social and
Mobile and Acquisitions in EMEA. Prior to his roles for Leo Burnett and Arc. Andrew
ran Australia’s most-awarded Database and Direct Marketing company, Cartwright
Williams. Andrew now focuses his time on his growing portfolio of business interests.
Chairman of the Audit Committee and member of the Nomination and Remuneration
Committee.
Why has Edwards not been able to leverage his contacts within those past businesses to promote PPL?
Gw
PPL Price at posting:
5.3¢ Sentiment: Sell Disclosure: Held
