I don't have any specific benchmarks, but I have reviewed other company's 14A filings. For example, Microsoft is one of the higher ones -- their directors g0t $200,000. McAfee (40x Wave's size in market cap) directors only get $40,000. Berkshire Hathaway directors got $3,000 or $7,000 last year depending if they were on a committee or not.
Clearly it makes sense to pay enough compensation (cash and/or options) to retain good employees. And it is correct that dilution doesn't occur until the shares are granted. But the day after this motion passes, it is legally possible for the company to grant the entire 22M balance proposed. By voting for this proposal a shareholder is accepting this dilution will likely happen. A much more rational amount might be 5 or 10% dilution.
As a shareholder, ideally the corporation would pay cash compensation instead of options. Many great companies do this. Buffet included.
And FYI, comments like "I've reported him to the SEC" or leaving harassing phone messages on my personal phone are not called for. I'm posting on a public forum just like anyone else. So lets keep the dialog grounded in facts, not slander.
