I agree-when CEO's/CFO's think there is upside they try and get as much stock as possible in the buy windows regardless of size of the company, as do the directors. It is telling that other than one of the Directors none of the board or management have significantly invested. Swapping performance rights to get the share price up over 8mn shares (with the last tranche getting the share price to $1) to simply grabbing 8mn shares regardless of shareholder value for the next 4 years is still the giveaway for me. What this says to me is that management has no clear plan to get the share price up so instead take what you can before it goes. So to me to give up $8mn of personal compensation says it all. You would have to assume the CEO has experience to negotiate the best salary for their value.
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