EVERY VOTE COUNTSGood afternoon shareholders, as you well know that I’m very angry and frustrated about the ongoing scheme that’s been perpetrated for years at IAMGOLD.
As you are probably aware, Bernie Madoff one of the great financiers in history, who orchestrated the largest known Ponzi scheme, was eventually caught and convicted as a fraudster. He deceived the investors! In the case of IAMGOLD, everything that’s been going on for year’s right in front of our eyes is considered legitimate and the authorities are unable to help the shareholders. The greed and audacity of Current President and CEO has no limits when it comes to his self-serving interest. LOOK at the proposed compensation program 2020, the situation is getting graver. He’s asking for a 50.7% raise over last year. His base pay plus the incentives would amount to over $2.7M dollars! Remember, he’s been on the payroll since 2007 and has cause severe damage to the reputation of the company. Adding insult to injury, this man was one of the key drivers to let the share price drop to an historic low. He could have supported the share price but decided to do nothing. He’s at the end of his career and doesn’t care less about the shareholders or the bottom line. In the meantime the shareholders are footing the bill and these people are setting themselves up for easy street! The only solution is to vote them out at the AGM or the shareholders will suffer the consequences... To reiterate, “Each and every vote counts and it could decide the future direction of the company”.