COAL mining entrepreneur and White Energy managing director Brian Flannery, who sold Felix Energy to Yanzhou in 2009 for $530 million, has volunteered to take a pay cut to from $700,800 to $131,400 per annum.
Flannery, who controls 9.4% of the company’s shares, said he agreed to the pay cut to help the company conserve funds. “Shareholders can be confident that I remain firmly committed to the success of...
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