I do not necessarily disagree that the Fines are well paid and that they are solidly in control of ITIC. On the other hand, ITIC has been remarkably successful without utilizing much debt and resorting to accounting tricks. With the trouble in the mortgage and real estate businesses at full boil, we will see how they do with the wind at gale force and in their faces.
I am a firm believer that nost corporate CEOs are wildly overpaid, however if their performance is truly remarkable, they should be well paid. I think the Fines have done a first rate job. It will be interesting to see how much of it was due to operating in a highly favorable environment.