forlanssister 3,050 Posted December 8, 2012 Share Posted December 8, 2012 8. Some of the salaries of the directors seem over the top. - Charles Green - £360K plus £360K bonus if we win promotion plus share options of up to £720K - Brian Stockbridge - £200K plus £200K bonus if we win promotion plus share options of up to £500K - Imran Ahmad - £350K - Malcolm Murray - £60K - Ian Hart/Phillip Cartmell/Bryan Smart - all £40K for performing non-exec roles. Under Murray the non-execs largely did not get paid. - Walter - £50K - again a lot of cash for doing very little Some healthy bonuses too, not clear if they could be implemented just by joining a restructured a SPL, if so then Greens remuneration would exceed that of Bain (which itself was obscenely high). 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 8, 2012 Share Posted December 8, 2012 dividends. simply unacceptable. the wages look incredibly high as well it has to be Said. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted December 8, 2012 Share Posted December 8, 2012 dividends. simply unacceptable. the wages look incredibly high as well it has to be Said. Including Ally's. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 8, 2012 Share Posted December 8, 2012 no wonder green wanted rid of him. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted December 8, 2012 Share Posted December 8, 2012 Not sure if it's clear if they're investing through their own pooled funds or they're being used as vehicles by their clients as individuals. Do LGIM do that? 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted December 8, 2012 Share Posted December 8, 2012 Well I've just invested in for a penny in for a pound. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,247 Posted December 8, 2012 Share Posted December 8, 2012 (edited) Was in bed the back of 12 when the missus came through with the laptop, all thought of sleep then evaporated.... Was that because of the laptop or she not having anything but the laptop on? BTW, e.g. Charles Green earns not more than Ian Black and some say that the latter's standard is still not above average. Edited December 8, 2012 by der Berliner 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted December 8, 2012 Share Posted December 8, 2012 Some thoughts on the share issue: 1. It's very disappointing that we are not getting the chance to invest in the club itself and only a holding company. 2. The reason that the holding company is the investment vehicle appears to be for tax reasons. It allows certain investors to benefit from VCT or EIS tax relief. 3. They have done well to get investments from the likes of LGIM, Artemis and Casenove but presumably from their high risk funds. 4. The VCT/EIS tax relief appers to be limited to the shares placed rather than to the ordinary investors so we will be unable to take advantage of the reliefs available. 5. My understanding (and I'm no expert) is that the cash raised from the placings (a net £15m) has to be spent within 2 years. 6. It is very disappointing that they plan to pay dividends. The payment of dividends will be looked at every 6 months. 7. December is a very strange time to having a share isssue when people's cash is being spent on other things. 8. Some of the salaries of the directors seem over the top. - Charles Green - £360K plus £360K bonus if we win promotion plus share options of up to £720K - Brian Stockbridge - £200K plus £200K bonus if we win promotion plus share options of up to £500K - Imran Ahmad - £350K - Malcolm Murray - £60K - Ian Hart/Phillip Cartmell/Bryan Smart - all £40K for performing non-exec roles. Under Murray the non-execs largely did not get paid. - Walter - £50K - again a lot of cash for doing very little Seems a more negative than positive summation from you BD. Take it you won't be investing? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 8, 2012 Share Posted December 8, 2012 (edited) still at least we know why greens staying long term now. though on a more serious note it seems we have most of our answers now. we are free to judge our current regime. Edited December 8, 2012 by the gunslinger 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted December 8, 2012 Share Posted December 8, 2012 Seems a more negative than positive summation from you BD. Take it you won't be investing? I will probably invest but only the minimum. I may have invested more under offering circumstances. 0 Quote Link to post Share on other sites More sharing options...
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