Good morning.
IREN’s pay deal for its co-CEO brothers has split the company’s shareholders. As Capital Brief’s Brandon How writes, critics including a prominent short seller argue the Sydney-based pair will be paid more than Nvidia’s Jensen Huang, who runs a company more than 300 times bigger.
Bulls counter the grant is restricted stock locked up until 2033, which they say aligns the founders with shareholders.
| ▼ | ASX 200 | 8,831 | -0.15% |
| ▼ | ASX futures | 8,807 | -0.03% |
| ▲ | S&P 500 | 7,537 | +0.72% |
| ▲ | NASDAQ | 26,121 | +1.12% |
| ▲ | AUD/USD | 0.70 | +0.22% |
| ▲ | Bitcoin | 63,559 | +1.29% |
ASX 200 as at market close. Bitcoin in USD.
Market movers
Shares in gold producer Vault Minerals surged on Monday after receiving a $5.6 billion takeover bid from rival Genesis Minerals, which Vault deemed superior to an existing offer from Regis Resources of about $4.7 billion.
Pay dirt