I have an issue when you lay out details with an obvious bias - the numbers you posted included the Black Scholes valuation of the options granted for Mr. Smith, but you don't do the same for Granger? If you are to include those same numbers for Granger, his compensation was $333,450, for a part-time position, compared to Smith's, a fulltime position and a founder. And all those options are out-of-the money now - ie/ they are worthless - so management interests are aligned with shareholder interests, in what are currently very tough market conditions. And I would not be picking Granger as the person to lead this company in this tough market, based on his history and what I've seen of him so far.