RE: Why are the board being paid?30 Jul 2023 11:06
These invisible persons are collecting eyewatering salaries and self imposed bonuses for absentee management of a small, inefectual company which seems alergic to the concept of growth - tottering along with neither diversification nor a legal license to operate.
They had nothing to fear - but fear itself - for shutting in production each time their illegal sole customer held back or imposed random excuses for default or under payment (an appeal to Baghdad would have called the bluff of the local bullies pdq…), but NO - better to stay quiet and not act for the benefit of their shareholders by doing anything/something to make a stand.
Their fabulous salary and bonus schemes would continue to flow nonetheless - after all, they had voted themselves to receive at their presumably well attended remuneration meetings.
Hallo, If anyone is there ? Send a detailed bill for all outstanding payments plus interests due to SOMO, and call a meeting to establish a legal PSC and let’s get our show on the road.