I am factoring in the fact that new CEO has been at the helm for a little over a year. Since then the debt has gone down, revenue is up, lawsuits filed has increased. Those are all positives.
I am not thrilled about the CEO's salary but then again he is also a lawyer so he is not going to come cheap. I must say that I am annoyed and impressed at the same time that he was able to negotiate such a lucrative employment contract considering his predecessors were not making nearly as much as he is. The way I see it is if he can negotiate such a lucrative contract for himself he should be able to negotiate lucrative lawsuit settlements.
Also considering the high CEO turnover, I believe that if the current CEO starts underperforming he will be shown the door like his predecessors.
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