Fossil:
I'm sitting here reading the financial reports for 2010 and 2011 - -----
Salary (wages)
2010 - SUMMARY COMPENSATION TABLE - Wes Hanson - 216,962 250,000
Gregory Riveley - 175,872 190,000
Paul Semple - 129,545 225,000
Jeremy Neimi - 127,604 175,000
Leanne Hall - 146,667
They are called salaries, (same as wages as far as I'm concerned). Am I wrong? I stand to be corrected.
Take note: Wes' salary went up $33,038 equal to better then 14%. I'm not too good at math so you do it. Am I close?
Look at Paul Semple; a whopping $96,000 - almost double.
The above are the Executive Officers.
The directors are compensated by FEES EARNED (wages) - 2010 AND 2011
Paul Parisotto - 40,500 50,000
Joe Hamilton - 44,250 65,000
Lorie Weisburg - 54,000 60,000
Darren Blasutti - 41,750 55,000
Patrick Anderson - 44,750 25,000 ( I'm not sure, but I think he left the company).
Keith McKay - 51,750 55,000
Alex Davidson - 29,750 50,000
The directors have received anywhere from $3,250 to $20,000 increase. Do the math!!
All have been awarded options.
Perhaps I made a mistake by calling the actual money received as wages. One set is called salary and the other set fees earned.
I realise there is an element of society whom consider wages as belonging to the labour class.
But make no mistake, the people who are to be doing their fiduciary duty to shareholders are all well paid whatever you wish to call it.
Do you think they re earning their "compensation"?
I stand to be corrected, again.
Gleegee.
