plumb and patti salary packages

Plumb on less than what Cook was on.

"Effective November 12, 2012, the Company and Mr. Plumb entered into an Executive Employment Agreement in conjunction with his appointment as Chief Executive Officer and President. Pursuant to the agreement, Mr. Plumb will receive an annual base salary of $525,000, and will be eligible to participate in the bonus and incentive compensation plans of the Company in which other executives of the Company are generally eligible to participate, as the Board or a committee thereof will determine from time to time in its sole discretion. Subject to the terms and conditions of such bonus and incentive compensation plans, Mr. Plumb's annual cash incentive compensation will be targeted at not less than 55% of his then annual salary. In connection with execution of the agreement, the Company granted Mr. Plumb as inducement grants (i) a restricted stock unit equal to 143,322 shares of the Company's common stock, one-third of which will be fully vested ninety (90) days after November 12, 2012, and the other two-thirds of which will vest in two equal installments on the first and second anniversary thereof, and (ii) 573,286 options to purchase shares of the Company's common stock at an exercise price of $4.07 with a ten year term, which will vest in three equal installments on the first, second and third anniversary of November 12, 2012. Mr. Plumb will also be eligible to participate in other benefit programs generally available to the Company's executive officers."

"Effective November 12, 2012, the Company and Dr. Patti entered into an Executive Employment Agreement in conjunction with his appointment as Executive Vice President, Corporate Development & Strategy. Pursuant to the agreement, Dr. Patti will receive an annual base salary of $400,000, and will be eligible to participate in the bonus and incentive plans of the Company in which other executives of the Company are generally eligible to participate, as the Board or a committee thereof will determine from time to time in its sole discretion..."

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And at the Sydney meeting, Cook called the incoming CEO a primadonna and said that he was costing the company a great deal of money. When I suggested a fair base salary and incentives, he laughed and said the US doesn't operate that way - he lead us to believe the salary would be well over $1m.

Well, here we are and the salary package is less than what Cook was being paid to achieve bugger all...

The contrast is already clear - Hooray!