Shares in AIM listed New World Oil & Gas (NEW) were trading at 9.625p a year ago. Today they are at 1.85p. Shareholders have every reason to be unhappy with the board. But it gets worse. Much worse.
I start with the cost of the three executive directors. The CEO gets paid (via a service contract with a third party firm) a salary of $390,000 a year plus a $60,000 pension contribution plus $60,000 contribution to healthcare insurance. The two other executive directors have to soldier by on
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