All you have to do is take a quick look at some of their basic costs.
J. Rod’s Salary per month:$12,500 Barton R. Budman’s Salary:$8,333 1 Board Meeting: $5,000 / board member X 5 board members = $25,000 1 Telephonic Meeting: $1,000 /board member X 5 board members = $5,000 Total: $50,833
Board Compensation Each member of the board of directors receives an annual compensation of an option to purchase one million (1,000,000) shares of common stock at eighty five (85%) percent of closing market price on the date of grant. In addition to the annual compensation above and reimbursement of reasonable expenses, each member of the Board of Directors shall be entitled to meeting attendance fees (payable quarterly in arrears) of $5,000 per Board of Directors Meetings and $1,000 per Board of Directors Telephonic Meetings.
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