{"id":38115,"date":"2012-11-17T20:23:46","date_gmt":"2012-11-18T04:23:46","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=38115"},"modified":"2012-11-17T20:32:57","modified_gmt":"2012-11-18T04:32:57","slug":"globe-shareholders-vote-no","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=38115","title":{"rendered":"Globe Shareholders Vote No"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/02\/globe_logo.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2010\/02\/globe_logo.jpg','popup','width=98,height=93,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/11\/globe_logo-tm.jpg\" height=\"94\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Globe Logo\" \/><\/a>Shareholders of <strong><a href=\"http:\/\/www.globe.tv\/\" target=\"_blank\">Globe International<\/a><\/strong> have &#8220;rejected its executive pay structure for a second straight year,&#8221; according to a story in the <strong><em><a href=\"http:\/\/www.smh.com.au\/business\/agm-season\/globe-shareholders-force-board-spill-20121114-29c7u.html\" target=\"_blank\">Sydney Morning Herald<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>Almost 86 per cent of votes cast at Globe\u2019s annual general meeting on Wednesday were against the company\u2019s remuneration report for the 2011-12 financial year. . . That follows a 74 per cent vote against Globe\u2019s pay policy at last year\u2019s annual general meeting. . . Under new corporate laws, shareholders of a company receiving two consecutive votes of 25 per cent or more against its remuneration can force the company\u2019s board to face re-election.<\/p><\/blockquote>\n<p>Apparently, the shareholders (who only own 8.6 percent of the company) don&#8217;t like the fact that CEO <strong>Matt Hill <\/strong>made $721,720 in a year when the company only made $100,000 in profits. So, Globe has 90 days to have a &#8220;spill meeting.&#8221; Wonder how that will go?<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.smh.com.au\/business\/agm-season\/globe-shareholders-force-board-spill-20121114-29c7u.html\" target=\"_blank\">Sydney Morning Herald<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders of Globe International have &#8220;rejected its executive pay structure for a second straight year,&#8221; according to a story in the Sydney Morning Herald. Almost 86 per cent of votes cast at Globe\u2019s annual general meeting on Wednesday were against the company\u2019s remuneration report for the 2011-12 financial year. . . That follows a 74 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/38115"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38115"}],"version-history":[{"count":3,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/38115\/revisions"}],"predecessor-version":[{"id":38119,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/38115\/revisions\/38119"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38115"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}