Consider that he replaced Blakeley, who was earning $185K/year, and received no raise for taking over at the helm.
That was how long ago? How extensive was Blakeley's severance package?
Since Falk was already on the payroll, this now amounts to a $155K cut in salary as opposed to $185K.
Now, if they release information that is worthy of new investment dollars flowing into EDIG then I suppose the big picture for the raise is reasonable.
4.5 months or less to evaluate that scenario.
I hope he earns every penny of that raise, and then some.