Tom Buchanan of Charger has been Lead Director of Pace all along so how he can be part of the new management team when he has been part of the old all along.? One reason for the merger is that because of poor share performance the stock options of the 3 companies held by executives and directors are now WORTHLESS ! One can be sure that the first thing on the agenda if Spyglass ever came into being ( it won't) will be to roll out a new option plan at today's low prices .