McRae's 2.25 million dollar "termination" packageAccording to the management circular, page 16, this is not his pension but a company authorized reward for his years of service. 2 months salary per year of service...34 years. More than 20% of the proceeds of his most recent dilution!
Perhaps his most prolific, most obscene slap in the face to shareholders yet, and there have been many.
When I used to refer to this as McRae Life Sciences I was only half kidding.