RE:RE:RE:RE:RE:RE:RE:RE:RE:ObeI agree that this is over the top compensation. A shareholders group that I participated in fought it vigorously in July 2020 and very narrowly lost. The biggest beneficiary was Loukas who chose to take his $600,000 CEO salary in phantom stock at 55 cents a shares. None of us liked that but Loukas could have just as easily taken his salary and bought them on the market.
The issue was lost in July 2020 and no one thought we would fly so high so quickly. OBE has been transparent about how this happened but if the company went bankrupt Loukas lost his entire salary so he did have his money at risk and instead he won the lottery. This is now history. The time for complaining was 2020 not 2022. I still think this is the best value in the sector.