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Executive Pay

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Tue May 01, 2007 11:16 am PostPost subject: Executive Pay
Thicket
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Joined: 09 Apr 2007
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Topic: Executive Pay

How much are the two Steorn directors, Sean McCarthy and Michael Daly, paid by Steorn? Unfortunately, that information is not in the public record.

Who decides how much the two Steorn directors are paid?

Thatís an easier question. Ultimately, the Steorn shareholders decide. 60.6% of Steorn shares are owned by directors Sean McCarthy and Michael Daly.

These two gentlemen are in the enviable position of deciding their own compensation! That compensation is paid for by Steorn investors.

How many of you decide your own compensation? How many of you would like to decide your own compensation? What would you pay yourself?

If you decided your own salary, decided to pay yourself well, and were afraid that your company would fail if it turned out that your only potential product didnít do what you wanted it to, what would you do? I suggest that youíd want to drag things out as long as possible so that you would continue to get paid. Delay things and make excuses so that your failed product is not public knowledge. Keep that pay cheque coming.
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