It is a large salary for a company that is still not cash flow positive company; but if the new CEO brings in quality new business from the start, I can live with that. We should be able to tell within 2 quarters.
I am concerned that Rob stays on as an executive director for a non-specified time. From experience, it never works to have 2 captains on a ship. Moreover, I do not see how a self respecting CEO with a considerable salary package would want the old CEO to stay around (other than maybe to make some introductions to existing partners but even that is something that could be done in a week's time). Any self respecting CEO wants to make his own mark and stamp his own authority on the company from the outset.
Moreover, we are now effectively paying 2 CEO's to do the one job. More substantial cashflow being sucked out of the business.
Seems like this board, yet again, could not make the hard decisions and is trying to please everyone (other than the shareholders).
If only we all had sold 12 months ago... or even 6 months ago.....
It is a large salary for a company that is still not cash flow...
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