Re: A quick note of comparison vis a vis CEO salaries....
in response to
by
posted on
Aug 28, 2015 07:43PM
Well led, I respectfully offer a different opinion.
I'm sure we all witnessed the greed and hubris of the 1990's and early 2000s and on the rise again. Stacked boards and greedy CEOs do not make for good investments and we all saw that in spades. Thankfully everything crashed and some CEOs went to jail.
So to your comparison I say 2 wrongs do not make a right. Don could still make his $500,000 a year IF he meets the performance objectives the company sets and the board agrees too.
There would be a very different tone and much higher hustle and commitment to objectives if Don were paid $150,000/year with $350,000 in insentives for well defined targets.
IMHO there are problems with the governance structure and perhaps board qualifications.
It is the science driving this and the science team is the reason IMHO that $ can be raised from Eastern et al.
The other perspective is who else could be attracted by $500,000 in salary alone? Many highly qualified people happy to work in Canadian $.
I think we need at this stage a we need CEO who has strong credibility with NASDAQ as well as strong communications skills who is able to bring in very strong communications consultants.
Anyway, I can't change it but that is my perspective.Cheers
Toinv