OB I think you are right that the episode where the managers paid themselves £112m when the share price collapsed left a bad taste. Technically it was due to them. Morally they shafted the shareholders, and that speaks volumes. Given the chance they would do it again. CHRY may deliver some gains in the immediate future, but I for one have zero trust in the managers to look after my interests. With a bargepole I would not touch.
Any managers reward should be shares, with an appropriate 1/3/5 years to vest. If the share price / performance drops below a threshold before vesting, the shares are released back to the company.
OB I think you are right that the episode where the managers paid themselves £112m when the share price collapsed left a bad taste. Technically it was due to them. Morally they shafted the shareholders, and that speaks volumes. Given the chance they would do it again. CHRY may deliver some gains in the immediate future, but I for one have zero trust in the managers to look after my interests. With a bargepole I would not touch.
Any managers reward should be shares, with an appropriate 1/3/5 years to vest. If the share price / performance drops below a threshold before vesting, the shares are released back to the company.