Something no one has mentioned is that if the CEO seeks finance through a reputable lender, then they will also want to see the historical financial records of the company to see how it has been run.
You cannot tell me that a lending manager will not form an adverse opinion about a CEO drawing an exorbitant salary from public company that makes no money. A public company has a fiduciary obligation to its shareholders to use funds efficaciously, and prudently.A lending manager will take a dim view of the way shareholders funds have been 'used' and this would factor heavily into whether they would approve any loan to the company.
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