I don't see his salary working out unless it drops to below...

I don't see his salary working out unless it drops to below 300k. 200k to 300k would be a typical salary of a small-medium business CEO/GM. His ~1m was fine when he was pulling off multimillion dollar sales. His 'cut' was tiny back then. Now it's just a drain and capital raising's would just go to fund it. However, pride would be at stake so I'd expect he wouldn't go lower than 400k to 500k.

I'd expect a higher proportion of options for a more performance based salary. This would probably be set at some low bar (e.g. $0.03) so he'd make money more easily despite everyone losing from double digit cents days.