Jeffrey Parker, the chairman of the board and CEO of the technology company ParkerVision Inc., was awarded a $90,000 discretionary cash incentive bonus just days before the company reported deepening net losses.
ParkerVision’s board of directors compensation committee awarded Parker the bonus Nov. 8. On Nov. 14 the company reported a net loss in the third quarter of $5 million compared with a loss of $3.8 million in the third quarter last year.
According to a new employment agreement for all of the executives of the company, Parker will receive an annual base salary of no less than $325,000.
He is the snake oil salesman of all time, so I guess he earns it.
One of the common threads that runs through all companies I am short that I consider to be frauds is that management gets paid a ton of money each year. If they didn't, then they would not waste time running these frauds and that would make me sad because there would be fewer short opportunities in the market.