Originally Posted by
McGinty
Back in 2013 the Chairman's fees were $72k and Directors were $44k, this is for the old Dorchester Pacific which already ran their finance, insurance and debt collection businesses.
So 5 years down the track with the addition of the 'selling cars business' they want a 108% increase for the Chairman and 70.5% for the directors!
Since their last fee raise in 2015 when the Chairman got a 34% increase and Directors 10%, the 3 year return for SH's is just under 6% p.a (given you purchased around the AGM at $2.75). This is most likely a negative return if you have purchased since then at a higher price.
If the "boards focus is on creating shareholder value" then they have failed the last 3 years IMHO. What type of organisation rewards failure with a 36% pay rise?
On top of this, if resolution 5 is passed. Then it is back dated to 1 April 2018! :scared: