The only way Biglari is worth $500,000,000 is if you agree that Howard Stern was worth $500,000,000 to Sirius. And Stern's $500,000,000 was to be paid over five years.
Maybe, the board could give Biglari $500,000,000 in exchange for his promise not to demand $1,000,000,000.
Truly corporate compensation is insane. I thought that the financial crisis might cause executive pay to reach a more logical level but I appear to have been wrong. Personally, I have decided to only invest in companies with more reasonable compensation plans. Therefore, most of my money is in BRKB and a few other small cap companies. There are not many qualifying candidates if you insist on reasonable compensation and BH does not meet the criteria.