Why keep him? Seriously. The only reason these guys get paid that much is because a culture of back scratchers on boards allow it to happen. The problem is shareholders have allowed the culture to develop. Unwinding it will be hard to do. Shareholders need to start somewhere. Cut his pay to 6.9 million and see if he walks. I assure you he is replaceable with probably even better talent for pay in the 2-10 million range.
5/8/13 at 9:02am