Legion M

[Muckrakin]

Many people have questioned the $$ amount, but I don't understand their concern. As far as I know, these guys are not independently wealthy. They have mortgages to pay, families to support, kids to put through college. They work 60-80 hours a week, and have done so for nearly two years. The salaries they are taking are considerably less than what they were making in their previous company (MobiTV) and are also significantly less than what they would be paid if working somewhere else.

I can see why many people question this amount. That is $350K of the investor's money, well over a quarter million dollars, solely for the base salary of just two people in the company. The company isn't making money and they chose to take more of a salary then when they founded and ran an Emmy winning technology company.

In addition, they live in the San Francisco Bay Area where the cost of living is very high. I live here as well and I think most people would find those salaries to be rather low for the CEO and President of a start-up company in this area. I don't know where you live, but around here, $175k is about the range for a senior manager or director at a large corporation.

I'm going to have to disagree here. New York City and Los Angeles are big cities and many start up company CEO's take in half that amount and live very comfortably.

And the guys don't get any back-end deals either. They own stock in the company but it has the same financial terms as investors' stock. Consequently, they won't see any rewards from the stock until we all do. So, as an investor, I'm not bothered by their salaries, considering all the circumstances around them.

The stuff you are describing, with the stock offering rewards, would potentially take years to happen. Right now Legion M is doing middleman type deals and is no where close to being it's own production company. Sorry, but I am out. Major red flags here. I think the CEO and President pay themselves way too much from the investors' funds given the current company size and P&L.