An absurd notion. Company employment contracts are not made public prior to being signed off and certainly shareholders are not included in the decision making process prior to severance payment agreements. In that case, all the past CEO's would not have had their severance payment agreed by the shareholders. This is where the BOD has a fiduciary responsibility to act on behalf of the shareholders.
Complaining about a CEO's severance payment by a company that has yet to make any sales isn't going to change the fact. However it will highlight shareholder feelings. Only blind denial of the inherent company greed will prevent shareholders from voicing their concerns.
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