UK 19:29 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I commented in a recent Bearcast that Director's options should be set at a price so as to reward success not failure, and to align Directors' interests with shareholders. Recently we have seen Debenhams reset Directors' option exercise prices downwards so that they can still be achieved despite failure and a crashing share price. But this trick goes way back, and no-one is better at this 'move-the-goalposts' approach to performance management than Jabba The Hutt, David Lenigas.
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Comments
addick
The company, I believe, has two executive directors. The remuneration committee consists of…erm…the same two directors. I bet the remcom meetings are an exhausting affair! (read the section on the remcom in the report and accounts, it’s hilarious)
I’m a shareholder in this company and strongly believe you are wrong about its prospects. However, the remuneration of directors is truly awful; have a look at how much Mr Strang got paid in 2014.
Andy
This would be illegal if I had my way. I would make the following law.
Options may only be issued to directors at the prevailing share price.
Options previously granted may not have the strike price change retrospectively.
GREED MUST BE STOPPED! It is against shareholders interests AND the interests of the company.