Actually, you are right. These days VIST's CEO doesn't have much in the way of "collateral value". He's way over his head. The value of any CEO, as I've said before, is their ability to enhance shareholder value. Buying back your stock shouldn't factor into this valuation formula. Either, way, I would rather see a CEO get options that they have to work for to increase their value and pick-up additional comp rather than a cash bonus. Particularly this CEO!