Some more rumour and speculation.
But isn't there just an ounce of rumour and speculation to everything?
Last weeks news that Sky City CEO Nigel Morrison will step down at the end of this month has me wondering a number of things.
Morrison didn't get to his stated aim of $10 per share by the time he leaves.
No doubt about it Nigel has been good for Sky City.
He has been handsomely - and justly in my opinion - rewarded with salaries and incentives circa $22,000,000,00 in his time at the helm.
Yet I think - and this is where i'm speculating - when he made it clear that he was thinking of leaving about 6 months ago he actually was beginning the process of bargaining until maybe 2020-21 where he could actually see the fruits of his labour pay off.
What I cant make out though is why he wasn't given a better offer that allowed him to stay.
What is fact is that Chris Moller in 2008 who came in as chairman, was a supporter of Morrison but not all of the companies directors and heads of depts were backers of this man getting a raise.
In fact it was talked about, in private around 6 months ago just about how much Mr Morrison was worth.
Just what has been divulged to Share Investor is that negotiations HAD BEGUN but what wasn't clear was just who put the kybosh on it.
I suppose it just goes to show there is jealousy even at the top. This fellow does well grows the company to the verge of a massive change yet is dumped.
Perhaps he was better to get out in the end.
Hope is replacement lives up to him.
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