From SEDAR filing, August 2017:
Compensation to the Executive Officers amounted to $405,187 and $756,531 for the three and six months ended June 30,
2017.
This is split somehow 6 ways between Barker, Bernholtz, McNally, Randall, Schellhorn, and Wolfe. That averages about $250K/yr per person; I'm sure it is not evenly distributed among them. If you look at what an average person makes in any of their positions, they are not being overpaid. Two months ago our market cap was around $20M, now it's around $70M and rising quickly. I think they are earning their income, whatever it happens to be for each of them.
I thought I read somewhere before that they hold board meetings approximately monthly, and each attendee is paid $1000 to attend. Sure, most of us working slobs would like to make $1000 in a matter of a couple hours (their transportation, lodging, etc. might actually come out of this stipend) but in reality, that isn't so hard on the shareholders. For those of you in the device industry, think about some of the truly elaborate expenses some of these companies dish out (feel free to provide some examples!) and Titan is somewhere between efficient and miserly by comparison to the average. When real revenue starts flowing, I'm sure budgets will increase tremendously but it will be well justified by then.
They aren't suffering financially, but I suspect most of them are putting in a lot more hours than 40 per week, and likely more hours than you or me (I know, some of you probably work WAY too much!). This isn't some little side project for them; this is a personal challenge that they are obviously taking seriously.
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Unfortunately, board members are paid handsomely and are not suffering like the poor shareholder.
