Or, would you rather have a competent BoD with a great CEO all with a vision, the expertise and the contacts to build a great company for all of us?

The only problem is that "a great CEO" doesn't come cheap:

A chief executive officer of a Standard & Poor's 500 company was paid, on average, $10.9 million in total compensation in 2008, according to final data from The Corporate Library

http://www.aflcio.org/corporatewatch/paywatch/

Until such time as PTSC has a steady and predictable revenue stream with which even a great CEO would struggle to build anything, why would one agree to a 40-fold decrease in compensation?

We are stuck with what we have because we can't afford anything better, and even then, there is no guarantee that expending more money on executives will build even an average company, let alone a great one.

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Be well