Rubicon's proposed pay for new director is pay before performance: NZSA

Wed, 04 Sep 2019

By Jenny Ruth Sept. 5 (BusinessDesk) - At the same time as warning shareholders not to hold their breath waiting for a dividend from Rubicon, the New Zealand Shareholders’ Association is signalling it is reserving judgement on its newly appointed director, George Adams. But NZSA is definite that it won’t be supporting Adams’ proposed $137,127 a year pay package, saying it is excessive for a company with a market capitalisation of only $89 million, is not profitable, does not pay dividends and “has been a serial destroyer of shareholder va...

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