Low-cost solution to high-cost management
The incumbent managing director, who is reported to be on €700,000 a year, could be replaced by a Latvian MD who would be happy to assume the same responsibilities for, say, €6.50 an hour and he would also forego all those attractive share options.
And there are many Africans from a seafaring tradition who could sit on the board (for very little) to look after operations and maritime issues.
