Council Estate

3809 days ago

Range Resources – can anyone explain director pay to me?

Range Resources (RRL) shareholders have just voted through the annual report giving their approval on executive pay. Hmmmmm.

Starting at the bottom, I note that non exec Marcus Edwards-Jones (bet he did not grow up on a council estate in Rotherham) picked up A$100,000 last year. That is more than three times the AIM average. Would Mr. Edwards-Jones care to explain why he is such a valuable commodity in relation to net operational cashburn and a plunging share price?

But compared to CEO Pete Landau, old Marcus is a pauper. 

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