RE:globe and mail articlehave to pay the execs 2mill for change of control. Then they get new jobs with good salaries and options.. These guys dont deserve another shot at all ( you would think they would consult with the large shareholders before wasting all the time and money).
If there is value to spin out a new company the debt holders should be made whole.
Officers
James. T. McCoy Chief Executive Officer
and Director
100,000 110,550 500 33,688 532,750
Graeme Ryder Vice President, Finance
and CFO
100,000 41,250 500 33,688 262,300
Douglas Penner President and Director 100,000 24,750 500 33,688 566,000
Mark Smith Chief Operating Officer 100,000 20,625 500 33,688 278,600
Andy Fisher Executive Vice President 100,000 Nil 500 33,688 558,100
Total: 650,000 395,175 3,500 370,565 2,197,750