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Bullboard - Stock Discussion Forum Western Wind Energy Corp V.WND

TSXV:WND - Post Discussion

Western Wind Energy Corp > Intresting staff cost at wnd
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Post by Ancsababy on Feb 24, 2012 4:24am

Intresting staff cost at wnd

Jeff was proud for this:

"The head office of Western Wind Energy is an extremely lean operation with only nine employees (we believe our renewable energy peers have significantly larger head office staff often up to 40 employees for the same megawatts)."

Headqarters salary at WND

Name Fiscal Year Total

J. Michael Boyd

91,571

Jeffrey Ciachurski

3,177,560

Keven Craig

--

Alana Steele

1,518,680

Steve Mendoza

184,764

Christopher Thompson

1,573,260

Rod Dees

243,169

Compare with Boralex Headqarters salary:

Name Fiscal Year Total

Bernard Lemaire

702,935

Patrick Lemaire

1,074,540

Jean-Francois Thibodeau

661,526

Sylvain Aird

368,074

Claude Audet

402,530

Patrick Decostre

300,075

Denis Aubut

153,050

Mario Dugas

--

Hugues Girardin

173,520

What I see, that the staff cost is really huge at WND. Is it normal? What do you think about this?

Comment by jonathanstjohn2 on Feb 24, 2012 5:29am
Years ago I asked WND if Jeff was related to Madoff. He freaked.  
Comment by ching819 on Feb 24, 2012 7:51am
Ancs I had heard about excessive salaries but this is truly mind boggling !! Absolutely insane.  How can they justify this at this stage ? I want out and will take any decent opportunity down the road. I am severely #I$$ED !!!!!!!!!!   Thank you.
Comment by sonofbruno on Feb 24, 2012 9:34am
Now i understand why they called it a low ball offer from AQN and why they are afraid of the proxi. They are only concerned about THEIR paycheck. Easy you put a value on it that nobody wants to pay and every year you give yourself a MEGA bonus. If you don't like that as a shareholder, the only thing you can do is sell. They do NOT care.
Comment by impega on Feb 24, 2012 9:44am
The salaries are truly shocking for a micro cap venture exchange stock. I'm out.
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