I see that IPL’s (formerly One51) executive directors Alan Walsh (CEO) and Pat Dalton (CFO) received bonuses of €352,000 (CAD$534,000) last year, despite profits plunging by 90%.

Shareholders will be scratching their heads after these senior executives sold them a dream of an IPO which has now cost upwards of €24m (CAD$37m), with a depleted share price and diminishing profits. I’m reminded of the bonus culture that prevailed in the past.