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TELIT COMMUNICATIONS PLC (TCM)
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Telit: Warning Signs in the Remuneration Report
Post Date: August 14, 2017
Today the CEO, Cats, has left Telit.
Trust between shareholders and the company is fundamental. Cats lied to the company and the company failed to disclose relevant information to its shareholders.
Cats was paid $3.37 million in 2016 made up of $1.63m salary and bonus of $1.74m. ShareSoc remuneration guidelines suggest £300k to £500k as a guideline for a company of this size c £250 million turnover. Cats owned 16 million shares and also has share options. So, such a large pay package ...
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