Business
Tussle at Kogan (ASX:KGN) over executive compensations // Motley Fool Australia
A corporate tussle is brewing at e-commerce retailer Kogan.com Ltd (ASX: KGN) over proposed share options to be granted to its senior executives. The Kogan share price lifted to an intraday high of $19.24 but has since retreated to $18.89, down 0.74% at the time of writing.
What’s being disputed
The Kogan board is proposing to grant 3.6 million share options to chief executive Ruslan Kogan, and 2.4 million share options to his chief financial officer, David Shafer. The board says the share options are meant to be an incentive for the two executives to stay at the company for the next three years. Options are a type of derivatives, giving holders the right but not the obligation to buy the underlying shares at a pre-determined…
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