Replies to post #361 on Neurometrix Inc (NURO)

[tedpeele]

comes across as pure greed at the shareholder expense, but I don't know the situation.

[teaserpleaser]

Excessive Expenses by Executives at NURO

It is time Before the Reverse Split to advise Accredited Investors exactly what ROI are we getting when Management is OVERLY compensated based on Revenues.
Cash Compensation

We pay our executive officers a base salary which we review and determine annually. As of December 31, 2014, base salaries for our executive officers are Dr. Gozani — $415,000, Mr. Higgins $325,000, and Mr. McGillin $325,000.

onus Payments

Each executive officer has an annual bonus target which is expressed as a percentage of base salary. For 2014, executive officer bonus targets as a percentage of base salary were as follows: Dr. Gozani — 62.5%; Mr. Higgins — 50%; and Mr. McGillin — 40%.

In addition Each BOD member receives ~ 39K PER annum.

Not quibbling about the BOD income , that is in line , however I am Quibbling about a company where there is only 5M in revenue in 2014 yet Executive Management wants to claim 34% of that Income when they are operating with a almost 9M operating Income or loss and that is double the R& D budget of this company of 4M . Something has to give.,.. Investors should not be taken DILUTIONS with this strategy. Management should.

Copied from YMB on Nuro today Oct 26, Wow others have noticed this too!