S
sim
Guest
Myself and one other are minority shareholders in a company with three equal majority shareholders. They were on v large salaries rather than paying themselves large dividdends. When buying in, the auditor showed their salary being reduced significantly to show the real value of profits. Whilst the salary reduced,it is still quite a bit from the figures tabled. Obviously this affects profitability and my payback. They are arguing they deserve more because of experience etc. This arguement doesnt stack up as the other miniroty shareholder is the same age!
My question is : should all salaries be equitable or can they justify paying themselves more? Do we have any say if the majority shareholders band together as is happening. By the way there is no major difference in workload etc and the only difference is that the large % of new work comes thru two of the majority shareholders.
Regards
My question is : should all salaries be equitable or can they justify paying themselves more? Do we have any say if the majority shareholders band together as is happening. By the way there is no major difference in workload etc and the only difference is that the large % of new work comes thru two of the majority shareholders.
Regards