I agree that Esrey's comp. is out of line with one caveat. He got a ton of income from option exercises. Last time I checked that was just a paper gain. Unless he's sold (which it doesn't appear he has), he hasn't realized a thing. This means he's been hurt as much as the rest of us by the precipitous decline in stock price. Kind of undercuts Kansas' argument that Esrey knew the merger wouldn't fly. If that was true, wouldn't he have dumped his stock?
According to MARIO GABELLI, FON will be history by this time next year: Buy out by VZ or some other joker at $22.00 a share and Esrey will RECONFIGURE his options so as to walk away with a bundle of $. After what he and the BOD has done to this company I'd rather read about him and them in the obituray column.