This does not sound right to me : Well our SR VP CFO might disagree. Based on Bloomberg Tom Mika Mika is approx 70 years old. His salary is on or below par with industry avg at approx 300k.
There is much more than the industry average to take into consideration. It does not make sense to pay 300K for a CFO + options that run only a mere 12-15 millions buget per year for the last years.
Also at the stage the company is at it does not make revenues and a good CFO must be able to attrack interest into the Company and get the best financing avalaible to pursue the company activities. This is where I have issue with the salalry and options being paid versus the track record of the current CFO.
To me, our CFO doesn't have the rolodex to get this show on the road and garner the interest of institutions, analysts and nagivage the Nasdaq.
All the burden to increase shareholder's value lieson the technological team and I'm grateful that we are golden with Suresh, Vivek and the recent addition of Raju. These executives have a rolodex and are both knowleadgeable and reknowed within their industries and peers.
Off course, at the end of the day, it is the Board that nominate the CFO and if they are wishing for a CFO that keep the books and operation running without making too much noise and waves than what can we do it about it. A low share prices does also give much more better options as incentitive to recruit talents.
Anyway, perception of value is something that is different for everyone depending on their field of expertise...