RE: Re.Copl25 May 2023 11:26
This is our hero oilman and some holders want to keep him as CEO. Astounding really. I borrowed from the Advfen chat group. DYOR:
"Arthur S. Millholland President and Chief Executive Officer – 2022 salary - $671,700.00 (CAD) a 42.46% increase over 2021.
Ryan Gaffney Chief Financial Officer – 2022 salary - $580,800.00 (CAD) a 43.72% increase over 2021.
Rod Christensen Vice-President, Exploration and Exploitation – 2022 salary - $412,000.00 (CAD) a 49.81% increase over 2021.
Richard Mays Vice-President, Business Development and General Counsel – 2022 salary - $316,500.00 (CAD). No change?
Robert Dion Vice-President, Finance and Controller – 2022 salary - $254,400.00 (CAD) a 505.71% increase over 2021 (what???)
A Family member employed under normal commercial terms (assumed to be Elizabeth Millholland) – 2022 - salary $288,000.00 (CAD) an increase of 71.42% over 2021.
(One of) THE PRIMARY RESPONSIBILITIES OF THE BOARD ARE:
(A) ENHANCING AND PRESERVING LONG TERM SHAREHOLDER VALUE;
The Reality:
Senior COPL employees enjoy minimum 40% pay increase in the last year.
Shareholders (pond life) receive an 87% decline the value of the their share holding since COPL’s readmission to trading in August 2021.
Anyone else had a 40+% pay increase over the last 12 months?
No, I didn’t think so."