Motions passed.
An allocation of $40,000 USD as salary for Nefario to cover 12
months starting in May 2012.
Seriously? ceo of glbse is worth $3333.33 a month? Was this amount of money earned monthly? I doubt that. And its insane to give so much as an salary. I mean he was a shareholder anyway and would work for glbse in his own interest. I in no way would have said yes to this motion when i would have been a shareholder.
But i fear when this was the result then nefario has to get this money. They didnt specify what he should do for it. He even could do nothing and he should get the money. Its not his fault. And holding the money back isnt backed only because he made wrong decisions. I mean ceos that run a bank into ground still get their salary too. Any other thing would be illegal.
So i think morally he shouldnt take the money but its shareholders fault that they didnt specify anything.
$3333... thats nuts to agree. Did nefario had the majority of shares and won the motion by voting for it himself? Anyway... what kind of business ethics comes to light here.