No, I'm advocating the CEO should work for free or for food.
Even with pay cut, the current salary + benefits is still excessive for a simple job of coordinating with law firms. There were no sales to worry about, no new product development, no R&D. So what exactly did the CEO do for the last umpteem years beside coordinating with law firms and filing SEC reports (the lawyers did all the dirty works)?
With regarding investing on MRMD, the CEO deserve a credit for now whether it was pure luck or your good investing decision. So, yes MRMD turns out to be a good investment now, but no one can guarantee that MRMD will be fine next 6 months, or years.
(One should look at the financial crisis not so long ago where the investment bankers took reckless and unnecessary risk to reap all the benefits, but when their reckless and unnecessary risk caused collapse of the banking system the taxpayers/governments then had to step in to save us from a depression ...)