Not saying it wasn't in his contract. Aligning interests is normally a good thing. The price may have never got to those levels if the production numbers were lowered by 40% earlier in the process. My question is when was this known? A CEO/founder should get paid based on the success of a company. Share price is subjective and does not always reflect the actual health of the company. Worse, it can be influenced by timing and magnitude of disclosures by management.
"I like long walks, especially when they are taken by people who annoy me"