OTCPK:EUCTF - Post by User
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newdaydawningon Sep 22, 2017 4:53pm
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RE:RE:Brucey's cash compensation 150% larger than Jeff Bezo's !
RE:RE:Brucey's cash compensation 150% larger than Jeff Bezo's !Kid, we don't always agree, but you're bang on about the excessive salaries, starting with Doron @$400K. He and Rowlands both need to lead by example through 50% pay cuts. That, admittedly, is wishful thinking.
kidl2 wrote: These two aren’t the only ones who have been and are still milking EUO.
There’s also a corporate secretary which earns a cool $100,000/yr. An unheard of salary for a MC for a job which can be nothing more than (very) part time. Much the same goes for the part time CFO. That role can’t take up more than a few hours a week and to top it off, there are the 3 other directors which get $18,000/yr each. For what is anyone’s guess.
All in all, this crazy outfit pays out a cool $1 Mil in annual salaries and that’s on top of all the “funny stuff” which gets buried in Administration (~$1.2 Mil/yr) and then there is R&D (~$3 Mil/yr) which seemingly goes nowhere.
If that doesn’t qualify for the term “milking”, I don’t know what does.