All in all, it was an odd introduction to the company for a former EY managing director. Rick DennisHe joined AF Regal as Chairman in July, succeeding Dearlove.
Anyway, it was a compilation. The new news, excitingly, is an email sent from Jagdishwala to the former AF Legal Director. Glen Doby October 2021.
In that correspondence, Jagdishwara told Dobby that he had seen his employment contract and had some suggestions as to how he would be paid (although he said there would be “no change” to overall remuneration). ).
In the table column labeled “According to AFL Salary Calculation”, Mr. Jagdishwara calculates a base salary of $170,000 plus a superannuation of $17,000 for a total salary of $187,000. is the same “wrong” number that appeared in the annual report). Curiously, Jagdishwala also mentioned that his salary was additionally paid through an Indian entity in his two tranches worth $48,000 and he $55,000.
Adding these tranches brings the total to $290,000 (corrected for Jagdishwala’s salary total compensation). What a coincidence!
But why go to all this trouble?well you can imagine status boardmanAs the CEO of AF Legal, it might have upset her to learn that her salary at the time ($248,000) wasn’t as generous as what she was about to pay her CFO. However, given that attempts to contact Jagdishwala, Dearlove, Dobbie and Dennis were ignored, she can only speculate on such matters.
Nonetheless, it all looks a little strange. Especially considering Dearlove sold his 40% stake in AF Legal for his $444,000, two days after he was misinformed in the annual report.
That fire sale, which took place two months before the market realized the misinformation in its annual report, sold for 29 cents a share, more than double the 14 cents it had when the stock changed Wednesday. It was the price. I am very lucky for my eldest son.
By comparison, bad luck seems to follow Denise like a stink.
Dennis is also a non-executive director and chairman of the Audit and Risk Committee of luxury fashion platform Cettire, whose stock has fallen 70% in the last 12 months. Her $23 million in cash in her Cettire at the end of June is the same amount she spent in FY22. But rumors that Cettire will have to raise cash aren’t the CEO’s phase. Dean Mintzsold more than $100 million in stock this year.
Dennis is also chairman of the NED and audit and risk committees of underwear maker Step One, whose stock has fallen 90% since its IPO a year ago.
Boy, can he pick them.