It would be difficult for Cox to take a cut. I see from the Proxy that his total 2007 compensation from GTCB is only $645,118. Add his total 2007 compensation from NABI of only $236,800 for chairing their Board of Directors and you can see the man is almost destitute. (I hope he doesn't have to pay his own expenses for the annual Monte Carlo trip.)
Maybe he will voluntarily forgo his annual increase for 2008. That would help.
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