It is good to see that management are benefitting from the impressive performance. Of course, the fact that the prices of raw materials, the products they sell, are at historically high levels through no good work from management, means that management performance needs to be judged by what they do and how they perform, rather than just benefitting from external happy events for the company.
The Board needs to ensure that diferentiating these effects is taken into account in compensation and incentivization policies.
How about making an bonus payment to ALL employees for their participation in the performance of the company.
Onésimo Alvarez-Moro
See article:
It's clean-up time for various members of the BHP Billiton fat cattery.
In the last week or two, a clutch of BHP executives, from Chip Goodyear down, have found themselves with upwards of $30 million worth of ordinary shares that flowed from various incentive plans.
Bonanza time all over the place, and various members of the executive suite have been flogging shares on quite a scale.
Goodyear peeled off 90,000 shares and got $27.66 for each of 'em on the market, collecting in total $2,489,400.
But more moolah went the way of Christopher Lynch, the company's carbon steel materials heavyweight.
See full Article.
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