By Tom Winnifrith | Friday 18 November 2016
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number twenty one....
18 November 2016
You will forgive my long absence from the blog thing. It is a bit of a long story but to cut to the chase my PA Miss Skirt organised a management away weekend after the AIM awards dinner. Naturally at this away weekend I was hard at it. Indeed I rather over-exerted myself. And so when I awoke at the Country House hotel, to which we had retreated for some quality brainstorming time, I just could not move my back. As a result I have been laid up at Dover Towers these past few weeks unable to do a thing.
Amazingly the share price of Global Mining appears to have increased by 25% in my absence which apparently is all down to a delayed effect of the considerable IR effort which I made during the summer months.
I am now back at my desk and spurred into action by the disgraceful events at the a recent Proactive Investors seminar where some pesky fellow from the Northern slums got up and asked the presenting CEO about boardroom pay I really feel that it is time I take a stand on behalf of my fellow AIM entrepreneurs as, these days, we are an oppressed minority just like the wogs used to be.
Our PR genius Tarquin has prepared a table showing that my total compensation of £375,000 put me in the bottom quartile of peer group companies on the World's Most Successful Growth market and I think that such modest remuneration makes me an ideal spokesman for my fellow entrepreneurs on AIM. It is a point I made in a pithy letter to the Financial Times which I sent several days ago but which appears not to have been published yet and so I reproduce it below.
I start with this greeting because I assume that you don't let any women do any of the main jobs at London's only proper newspaper!
I write on behalf of my fellow entrepeneurs on the World's Most Successful Growth Market, AIM. I earned a modest £375,000 last year which makes me one of the less well paid senior executives yet even I am criticised by commentators in the press for my remuneration.
Of course this package was determined as acceptable by the reputable firm of remuneration consultants, Madoff & Horlick partners, who were commissioned in line with the best principles of corporate governance. Yet that seems to count for nothing.
I realise that most journalists, on papers other than your own, are a bunch of unemployable, drunken, drug using left wing homosexuals but surely even they must realise that in a competitive global marketplace one must pay a competitive salary to ensure that one attracts the right talent?
Is it too much to hope that after Brexit we can deport such journalists to Australia and make this country fit for entrepreneurs who want to make Great Britain Great again?
I remain yours sincerely, etc, etc, etc
I am sure that my letter is in the system and that the FT chaps will be publishing it soon. Meanwhile I must start to prepare for the Mines & Money event where Miss Skirt and I will be hard at it as we seek to broaden the shareholder base.
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