Soooo....
Qbe has one of its worst years ever...
Mr Regan has one of his best years ever (excluding the $10m sign on bonus year)...
Achieved 175% (of 210% max) of his fixed remuneration!! F me dead.
$2.8m for nicks. Money for jam...
Those perf hurdles must be non existant. Luv the fine print. 35% of perf measure weighting is dependant on anz COR!!! thats laughing in the face of all shareholders! Almost hedging his bets. Wheres the incentive to improve group cor??!!
Also, look at the vesting rights, unless terminated, just has to wait out the respective period and gets all unvested eip entitlements...!! Where is the downside??!!
Wow...he couldnt have written the exec remuneration document better himself!!
Which clowns would approve it? Oh wait...s/h do...
Laughing all the way to retirement...zero downside...
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