I largely agree with you Tech…BUT !!!
As I believe you will recall, my issues with remuneration go back to the 2018 AGM, when I robustly challenged then CEO Lou and Chairman Manny about the crazy high levels of reward they were granting themselves.
My first job upon leaving high school in 1966 was a cadet journo for the then privately owned Adelaide Advertiser, a morning broadsheet similar to the then AGE and SMH. Over the next decade, I gained experience at various levels in radio, television and print media. I observed popular radio and television personalities receiving far bigger remuneration than all the senior executives and directors…because they were the ones actually generating the ratings and readership, which allowed advertising rates to be set higher and thus generate more revenue for the company.
I left what was an exciting, rewarding career to start my own business...one that was going to offer a new way to distribute products from maker to retail outlets. My observance described above, of rewarding key people vital to the success and revenue generation of Advertiser Newspapers Limited, stayed with me, and throughout my working life, I always rewarded these people more than myself.
I see no difference with a company like our little battler. We have to create the right environment and pay level, for people who are capable of and critical to the development of world beating technology, and for people who have the ability to sell it.
We have to create a workplace and pay these people whatever is necessary, so that they are happy to stay.
As I pointed out at the 2022 AGM, our directors and CEO receive remuneration very similar to those at CBA and BHP… companies that generate billions of profit and pay attractive dividends to shareholders. They are overpaid, and should not continue to be rewarded as they are, until the company becomes profitable and pays dividends.
Happy Easter 2025…and be kind to each other.
Nice to see you post.
It's such a balancing act, not paying too much but securing top shelve staff whom are specialised in SNN's and trained prior to being hired.
That has always been a major issue, especially the first 5 years, we as a company have improved in a number of areas, namely, tightening up on accountability, rather than possibly saying the staff are overpaid because they just don't seem able to close a deal, I personally feel that the company's we are engaged with will tell us when to sign, they hold all the cards and money in my view.
As mentioned in my post, incentives must be offered and Antonio did explain the procedure at last year's AGM in rewarding or cancelling staff bonuses, it seemed an open, honest appraisal of the company's policy in my view.
In the end we all basically want to see the same thing...revenue flowing in and the company growing like a hockey stick

All the best....Tech.
