agree with you. $700k is excessive value leakage for a $70m...

agree with you. $700k is excessive value leakage for a $70m market cap company (1% pa). That level of remuneration would see him extract more value out of the company than a significant would invest. Interests are not aligned. As an investment management professional I charge 1% pa in managment fees on the value of assets managed in our funds but this is paying for a team of deal executives and support staff (accounting, legal admin) so largely cost recovery not to one individual. Sure if we outperform, we participate in performance fees above a baseline hurdle but not for just turning up.