Giving the shareholders an annual heart attack on a plate is quite different from investing $21,000 to get a few discounted air miles.
;)
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It's really a bad time to ask for a party rise. Better to do so after the success of new operations.
Do financial institutions with million dollar holdings also get one voucher? I wonder who they give it to X)
Yes, one voucher per shareholder (regardless of number of shares held )
Rather than wondering what Insto's do with their vouchers, the more interesting question is what IRD do with their 33% of total vouchers issued.
I used my voucher at my local KFC tonight. Got in the door to find the 'hot n spicy' chicken being spruiked on the board out side was 20c extra per piece. What the? Just as well I am happy with standard chicken! Tried the raspberry fizzy drink for the first time. Let's just say I won't be going out and buying my own cans of raspberry soda any time soon! Service was pretty good, although I don't think the underling on the front desk had seen a sharehodler voucher before. At any rate the shift supervisor sorted him out!
When did KFC do away with their 'eat in' trays? Everyone seemed to be eating out of brown KFC paper bags. The food was good though, and cleanliness was up to scratch. Mind you, it was early in the night!
SNOOPY
I like KFC as my monthly greasy fried fix but a few weeks ago was treated by a friend to Texas chicken. I have read a whole heap on FB regarding people saying nothing beats KFC etc. etc. but please try them if you can and let me know your honest opinion. (not their sides as I think they useless but just their spicy chicken).
RBD holder but am a little concerned with the competition.
Thanks for the link. Still can't find it on the website myself.
This report suggests that RBD directors will not be overpaid, except in terms of assets under management. Most of the value of RBD is in the IP of the brands, or more correctly RBD's licence to use that IP which is in general owned by US based master franchisors. This means that RBD is inherently 'light on hard assets'. So it is no surprise that directors are overpaid in comparative terms by this asset measure.
Stephen Copulos, in his previous gig as a director of Collins Food Group in Australia, seems to have been on roughly $A90k per year. So maybe $NZ65k for the directors role in RBD NZ is not out of the question? There does seem to be a desire to generally refresh the board. So having had my grizzle, and not withstanding the realtively weak performance of the outgoing board members, I am prepared to support the increase in director fee motion.
I will be watching the performance of the directors going forwards from here like a hawk though!
SNOOPY
http://www.restaurantbrands.co.nz/sh...lders-meeting/
In the Restaurant Brands website under Corporate Info, Select "Annual Shareholders Meeting" and it will be listed under the 2016 heading