Kevin Fung
speaker
348 appearances
1 recordings
1 series
first heard May 2021
last heard May 2021
Kevin Fung’s voice in public audio — every appearance, attributed to the second.
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Appearances
So that's a really, really good read and just gives you clues as an investor and a shareholder about...
what it is to be actually like working in one of these great businesses.
Yeah, so like one of the other really interesting things was that and just reiterating Catherine's point from the other podcast is how high the ratio of the salary being paid to the CEO and even other members of the board, like how high that is compared to other businesses that we've looked at.
Like for Disney, like the CEO, his salary is 90% performance-based and that is really up there.
Yeah, yeah.
Like for somebody to come along and go, hey, 90% of your end sort of outcome financially result is really measured.
I think that shows you that...
all of that is merit-based.
It means that if all these goals that are being set and the strategy that's being put out isn't achieved or isn't tracking along where the board and the shareholders and everybody thinks it should be, well, he is not actually going to be financially remunerated.
And it's the same with the board.
It's really high.
They're sitting at 83% performance-based competition.
I think it tells you that these guys are very good at what they do and they're willing to sort of put their money where their mouth is, so to speak.
Yeah.
And something that we love to see as investors and analysts because it means that if they perform and if they do deliver on the things that they say they do, they're also getting shares.
So it means that they just become further aligned to us as shareholders.
And that really builds long-term wealth.
It's something that I love to see, Owen.
I think it means that everything that we've spoken about with the culture, with knowing the business well and being involved for so many years, he would know that business inside and out.
And it just means that transition is often seamless.
Showing 181–200 of 348 · page 10 of 18
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