RE:New CEO’s vs FinancingI believe the new CEO to be hired will come from the new financial partner, thus they will already have knowledge of the financing arrangement that is to be announced shortly. So that addresses your issue of why would anyone accept the appointment without knowing the financing arrangements.
o me this would make infinite sense. If I was coughing up the money to TLT, I would certainly want "my man" in place from an oversight perspective to protect my investment.
As well, the fact that the position only pays $150,000 becomes a moot point if the person is also getting some degree of compensation from the financial partner in addition to what TLT will pay them. What TLT would pay them might also become irrelevant in a future pre-negotiated takeout arrangement subject to various conditions and milestones being achieved.