Alloy Steel Inc. (fka AYSI)

[DaveinHackensack]

I'm not too worried about that.

The biggest risk with executive comp is an agency conflict, when execs reward themselves with high salaries at the shareholders' expense, and pay themselves lavishly regardless of how the company performs. I doubt that Gene, as the majority owner of the company, is going to let that happen.

AYSI earned $4.9 million last year. Maybe they'll spend 10%-12% of that amount on base executive/board comp next year?

Also, bear in mind that the reason Gene (or anyone) would hire someone for $X is because he thinks that employee will add >$X value to the organization. The new CEO and board members should be able to tap into their networks to open doors to new clients for AYSI's salesmen.

We'll see though.