RE:RE:Unlikely PYR CEO will see a pay raiseI indicated a raise and a retroactive adjustment. Or was I mistaken?
Excerpt from Globe and Mail article:
At PyroGenesis, a family transaction runs into allegations of fraud DAVID MILSTEAD
PUBLISHED SEPTEMBER 12, 2023
PyroGenesis also says “the operations of the company continue as usual.” Perhaps shareholders should neither take comfort nor be reassured by that. The company has never made an operating profit in a dozen years as a public company, and the shares are down 93 per cent from the February, 2021, highs.
[...]
The big winner at PyroGenesis, instead, seems to be the Pascali family. At least, for now.
With reports from Nicolas Van Praet
Good luck to All!
Mostlyserious wrote: I believe his salary this year is $520k since his previous salary was adjusted for inflation. Raise your hand if your salary was adjusted for inflation.
The description of how the salary was determined includes share price in the past, financial results etc and they benchmarked companies between $400 million and $1.2 billion in market cap.
The CEO also got $19k for attending board meetings as a director. That's sweet.
And then there are options and other benefits including pension which is supposed to be based on profit the way I understand it is described....when was the last time PYR turned a profit?
It is not the shareholders that determine his compensation package, it is the board. He is the CEO, he is a director, he is pretty well majority shareholder. For all of those worried about him as a result of articles like that, don't. Plenty millions shares sold at above $4 years ago, he's good no matter what happens to the rest of his holdings. He's done well, good for him.