100% this !!! Is there any public information as to what they contribute to BrainChip ? Not BS , but actual work they have done ???
As much as I agree, we need to remember that by law, BRN must have a minimum of t
wo directors who live in Australia. But why we need three is beyond me (Peter, Pia and Geoff) - particularly when all three are non-Executive.
So even though two may be a necessary evil, why three?
But you seriously have to questions the salaries of our non execs...
Let's not forget how well our Non Execs are being paid
(in US dollars no less)
Salary and rewards in 2024....
Geoff USD
$230,972 (this includes $118,674 in Service Rights
Pia USD
$270,489 (this includes $118,674 in Service Rights
Duy-loan USD
$208,232 (this includes $118,674 in Service Rights.
And just a reminder RSU's, Performance Rights and
Services Rights are provided as remuneration to KPI's during the financial year with NO PERFORMANCE CONDITIONS other than a service condition of between 1 and 10 years.
So approximately $120K USD each on top of their annual salaries, just for showing up to work. What a great deal!
So for less than a days work per week they are being rather handsomely rewarded, particularly considering the current share price and lack of commercial success.
Again if you don't believe it, look at the latest annual report - it's all in there for all to see.