This board is out to lunch, and the company is in a death spiral.
Renewing Scozzafava at an INCREASED salary is like lemmings walking off the cliff. The should have let his contract EXPIRE and replaced him.
This is a desperate, pathetic, 100% "deer in headlights" board that are mesmerized by Scozz's chicanery and snake oil. This evidences, more than anything, that there is NO leadership, and NO accountability, at the board level.
The company is DESTINED for bankruptcy in a year or less, unless an up housing cycle buys them a little more time, or allows them to find a lowball buyer.