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A mate of the Hound’s – a good, salt-of-the-earth, southern bloke – tells this old mutt that he is less than impressed with claims made by the directors of rural insurance company FMG who are wanting an increase in director fees at the upcoming annual meeting.
Your canine crusader’s informant reckons it is a bit tough when the company is crying tough times in the insurance market while it is being less than generous with bonuses and rebates for shareholders. Meanwhile, FMG’s directors are asking shareholders for an increase in board fees, including a $10,000 annual pay rise for chairman Tony Cleland. The Hound’s mate reckons it is a bit off for the company directors to be sticking their hands out for more cash when the company is crying hard times.
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