Kogan (ASX:KGN) share price lower on AGM and trading update

The Kogan.com Ltd (ASX: KGN) share price is dropping lower on the day of its annual general meeting (AGM).

At the time of writing, the ecommerce company’s shares are down 1% to $18.12.

What happened at the Kogan AGM?

Arguably the hottest topic at the AGM was not its trading update but rather its controversial decision to award its CEO, Ruslan Kogan, and CFO, David Shafer, some very generous retention options.

For more background on this topic, I would suggest you read this article by my colleague Eddy Sunarto.

At the AGM, Kogan’s chairman Greg Ridder, remained defiant on the options and believes the two executives deserve them.

Speaking about recent meetings with shareholders, Mr Ridder said: “What became clear from the…