Where has all the money gone?4 Oct 2023 11:58
I found this on another chat site, just thought I would share it :
Companies are run for the benefit of shareholders.
Since Echo Energy were blessed with Martin Hull as CEO in 2018 he has received in remuneration:
2018 $156,383
2019 $389,617
2020 $708,724
2021 $423,704
2022 $343,790
Parsons, as Chairman, has received in remuneration:
2018 $101,107
2019 $185,677
2020 $84,210
2021 $110,304
2022 $92,672
That's $2,596,188.
That's over £2,100,000 between them.
There are still bonuses that have been awarded to Martin Hull that have to be paid when Echo Energy has the money.
You don't get such high quality executives without splashing the cash.
Shareholders have a lot to be thankful for.
These two high class executives have delivered a share price performance from around 10-15p a share to 0.028p per share. (now 0.016p)
Where has all the money gone???