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Cyanotech Corp. Message Board

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  • wright.tom64 wright.tom64 Nov 12, 2010 9:18 AM Flag

    CEO Compensation---See 8k filed

    That is a brutally insane compensation package for a company to award. Very disappointed by the options possibility that could give the CEO more than 1/6 of the company if he meets certain goals. The key then is to find out what those goals are to be. If he has to get the price to rise substantially and I do mean with a capital S perhaps he will be worth it. Where is the wife flying from? Is it economy, business or first class? Many questions to be answered before I vote yes to parts of this plan.

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    • ---there are no goals on the options package. He gets 13 1/2% when he takes the job. The only problem on the options package is there are not enough options available right now to be granted for the 13 1/2% level to be reached. That's why they will need shareholder approval at the next annual meeting to expand the number of options that can be issued.---So right now I guess he gets all the options they can issue and a IOU for the remainder.

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