I can assure you that Mr. Louis Du Preez sleeps wonderfully on his Hästens Vividius...
Why not shouldn't he? He makes 3.5 million a year with this game. He has to spend very little time on it. He has many other jobs and this one he does on the side, just like all the other friends on the Boards. We, poor shareholders, obviously thought that Louis would spend 100 hours a week on the turnaround of the century.... The puffs during the AGMs and Analyst day could be heard as far away as Asia...Everything, according to Louis and friends, was "difficult, tricky, intense, puff puff....' hard times for Louis and friends. Some boys of the Boards almost fell to sleep during the AGM (Wakkie).
Did we know at that time, that only some drinks (wines) were consumed at the table in Loui's resort by the big hedge funds and that's it? Because let's face it, for a loan extension you really don't need 2 years, right? Fortunately, the real work is done by the consultants and advisors, you know, the EY, LinkLaters and other boys and girls a la raison of many millions a year. A luxury living is the result.
So, at the end of the day, everybody is happy, expect these silly shareholders. Note: the real work by advisers and consultants is paid for by you and me (the shareholders). Santé!
(To the paid ones here: it's a joke, no reason to block me, right?) |