Taking the piss. That is the only way to describe the behaviour of the porcine and greedy board of Vitesse Media (VIS) with regard to share options. It is a one way bet for piggy wiggies: Nicola Baker (CEO), Jonathan Sumner (Director), Sara Williams (chairman), Dave Smith (deputy chairman). Oink, Oink, oink all the way to the bank and screw the shareholders. Get your noses in the trough pigs and sod those who own the company.
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Comments
Stipe123
You said it in the article, but £14k is a small sum, especially when spread over 4 directors and 10 years. It’s less than £400 per director per year.
The overall point is valid, but there are far better examples I’m sure.
wildrides
I think the crux here is that Tom is indicating the strike price should be several pence higher than todays price in order to act as an actual incentive to management to make some kind of progress with the SP.