jonnie voluntarily reduced his salary to $1 per month UNTIL THE COMPANY BECOMES PROFITABLE...his agreement. i don't mind paying him two years' worth of severance at the salary rate for his final couple of years, or a total of $24.
if an employee of mine suddenly decides to resign, that's fine, but i'm not going to continue paying him for three months while not working. it seems chapman botched up the fda scenario recently, unbeknownst to others, and who knows what else, and was then probably asked to leave or else be fired. so he agrees to quietly leave with three months severance. reminds me of the tabloids whenever a celebrity couple files for divorce, where they mutually agreed it was time to separate, and they remain great friends. bull. they mutually agree because they pretty much must. one person is generally angry, and they probably are not on wonderful terms.
just my thoughts in this cotton candy media world.
perusing once again mullan's linkedin profile, I notice some new faces on his top ten "People Also Viewed" (viewers of mullan have also viewed these profiles). could be completely immaterial. simply an observation.
Stephen simes ~ CEO at Restorgenex Corp - "Public company CEO and Board Director with a proven track record of drug approvals, financings, and business development transactions. Extensive experience in formulating and implementing corporate strategies, establishing growth metrics, driving performance, and meeting growth objectives through both organic expansion and strategic acquisitions and partnerships."
Robert hutchens ~ CEO at StemBioSys - "Over 25 years of experience in a broad range of industries and management topics. Significant management consulting experience in Life Sciences that I have applied in both traditional private sector environments (Pharmaceutical, Medical Device Companies) as well as in a variety of U.S. Federal Government and International NGO organizations.