Executive compensation should be performance based. Obviously this guy has an ownership stake in the company (which is good) and will do well if the company does well.
I’m all for a compensation plan with a modest base salary and either stock options or a bonus based on profitability for all senior managers and executives.
If your paycheck is dependent on how well the company does, you will have a vested interest in making it successful.
NMPatriot
My partners and I elected to take pay cuts at the begining on the year, so far none of our employees have been layed off, or taken pay cuts.
We hope the economy stablizes and having our current staff in place, we will hit the ground running.
